Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor subsection 766A(2) of the Act, a person (the advisor ) is taken not to provide a financial service if:
(a) the advisor gives advice to another person; and
(i) is not about a particular financial product or an interest in a particular financial product; and
(ii) is not personal advice; and
(i) is not intended to influence the other person in making a decision in relation to a particular financial product or an interest in a particular financial product; or
(ii) could not reasonably be regarded as being intended to have such an influence; and
(d) by giving the advice neither the advisor, nor an associate
of the advisor, receives any remuneration (including commission) or other
benefit that is related to the advice given apart from remuneration (including
commission) or other benefit that the advisor or the associate would have
received if the advice was not given.