CORPORATIONS ACT 2001 - SECT 941F Obligation to give updated Financial Services Guide

CORPORATIONS ACT 2001 - SECT 941F

    If:

  (a)   the Financial Services Guide is given to the client before the financial service is provided; and

  (b)   the following conditions are satisfied:

  (i)   there is a change in circumstances before the service is provided, and the Financial Services Guide does not contain the information it would be required to contain if it were given to a person immediately after that change;

  (ii)   the fact that the Financial Services Guide does not contain the up to date information is materially adverse from the point of view of a reasonable person deciding, as a retail client, whether to proceed to be provided with the financial service;

the providing entity must, before the service is provided, give the client:

  (c)   another Financial Services Guide that contains the up to date information before the service is provided; or

  (d)   a Supplementary Financial Services Guide (see Subdivision C) that updates the information in the Financial Services Guide.