4Definitions

4 Definitions

Note: A number of expressions used in this instrument are defined in the Act, including CPD year (section 910A of the Act), financial services licensee (section 761A of the Act), professional association (see section 910A of the Act), provisional relevant provider (section 910A of the Act), relevant provider (section 910A of the Act) and retail client (sections 761G and 761GA of the Act).

(1) In this determination:

Act means the Corporations Act 2001.

CPD is short for continuous professional development.

CPD area: see paragraph 7(1)(a).

CPD plan has the meaning given by subsection 6(1).

CPD policy has the meaning given by subsection 5(1).

education provider includes:

(a) an entity registered under the Tertiary Education Quality and Standards Agency Act 2011; and
(b) a training organisation listed on the National Register as a registered training organisation, as described in the National Vocational Education and Training Regulator Act 2011(and corresponding State legislation); and
(c) a professional association.

licensee means a financial services licensee.

qualifying CPD activity has the meaning given by subsection 7(1).

responsible licensee, for a relevant provider, means the financial services licensee who has authorised the provider, or the employer of the provider, to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products.

(2) A reference in this determination to a relevant provider’s CPD year is a reference to: (a) if the relevant provider is a financial services licensee—the provider’s CPD year; or (b) otherwise—the CPD year of the provider’s responsible licensee.