ASIC Corporations (Recognised Accountants: Exempt Services) Instrument 2016/1151
1ASIC Corporations (Recognised Accountants: Exempt Services) Instrument 2016/1151
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ASIC Corporations (Recognised Accountants: Exempt Services) Instrument 2016/1151
About this compilation
Compilation No. 1
This is a compilation of ASIC Corporations (Recognised Accountants: Exempt Services) Instrument 2016/1151 as in force on 27 May 2017. It includes any commenced amendment affecting the legislative instrument to that date.
This compilation was prepared by the Australian Securities and Investments Commission.
The notes at the end of this compilation (the endnotes) include information
about amending instruments and the amendment history of each amended provision.
Contents
1 Name of legislative instrument
Part 1—Preliminary
1 Name of legislative instrument
This is the ASIC Corporations (Recognised Accountants: Exempt Services) Instrument 2016/1151.
3 Authority
This instrument is made under subsection 926A(2) of the Corporations Act 2001.
4 Definitions
In this instrument:
Act means the Corporations Act 2001.
limited licensee has the meaning given by subsection 912A(4) of the Act (as notionally inserted by subregulation 7.6.01BA(3) of the Regulations).
Regulations means the Corporations Regulations 2001.
Part 2—Declaration
5 Exempt service
Part 7.6 of the Act (other than Divisions 4 and 8) applies in relation to financial services licensees (including limited licensees) as if regulation 7.1.29 of the Regulations was modified or varied as follows:
(a) after paragraph (4)(a) insert:
“(aa) if the person is a financial services licensee (including a limited licensee) or a representative of a licensee—the advice mentioned in paragraph (a):
(i) in relation to the licensee or the representative—is not covered by an authorisation in the licence held by the licensee; or
(ii) in relation to the representative—is not covered by the authorisation given by the licensee to the representative; and”;