99Waiver of rights under payment split

99 Waiver of rights under payment split

(1) For the purposes of subsection 90XZA(2) or 90YZQ(2) of the Act, a waiver notice must be in accordance with Form 5 in Schedule 1 to this instrument. (2) For the purposes of paragraph 90XZA(2)(a) or 90YZQ(2)(a) of the Act, each of the following persons is a prescribed financial adviser: (a) a person who holds an Australian financial services licence (within the meaning of the Corporations Act 2001) covering the provision of advice of the kind mentioned in paragraph 90XZA(2)(a) or 90YZQ(2)(a), as applicable, of the Act; (b) a person who complies with section 911B of the Corporations Act 2001 when providing a financial service (within the meaning of that Act): (i) that includes providing advice of the kind mentioned in paragraph 90XZA(2)(a) or 90YZQ(2)(a), as applicable, of the Act; and (ii) on behalf of a person who holds an Australian financial services licence (within the meaning of the Corporations Act 2001) covering the provision of that financial service.