Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.1.33A

    For paragraph   766A(2)(b) of the Act, a circumstance in which a person is taken not to provide a financial service within the meaning of paragraph   766A(1)(a) of the Act is the provision of a service that consists only of a recommendation or statement of opinion provided to a person about the allocation of the person's funds that are available for investment among 1 or more of the following:

  (a)   shares;

  (b)   debentures;

  (c)   debentures, stocks or bonds issued, or proposed to be issued, by a government;

  (d)   deposit products;

  (e)   managed investment products;

  (ea)   foreign passport fund products;

  (f)   investment life insurance products;

  (g)   superannuation products;

  (h)   other types of asset.

Note:   This regulation does not apply to a recommendation or statement of opinion that relates to specific financial products or classes of financial products.