CORPORATIONS REGULATIONS 2001 - REG 7.7.10AI Obligation to warn client that advice does not take account of client's objectives, financial situation or needs--carbon units, Australian carbon credit units and eligible international emissions units

CORPORATIONS REGULATIONS 2001 - REG 7.7.10AI

    For paragraph   951C(1)(c) of the Act, Part   7.7 of the Act applies in relation to a carbon unit, an Australian carbon credit unit or an eligible international emissions unit as if paragraph   949A(2)(c) read as follows:

  "(c)   if the advice relates to the acquisition, or possible acquisition, of a carbon unit, the providing entity must:

  (i)   provide the client with the address of the website of the Clean Energy Regulator mentioned in section   202 of the Clean Energy Act 2011 ; and

  (ii)   inform the client that the client should consider each statement mentioned in section   202 of the Clean Energy Act 2011 before making any decision about whether to acquire the financial product; and

  (d)   if the advice relates to the acquisition, or possible acquisition, of an Australian carbon credit unit, the providing entity must:

  (i)   provide the client with the address of the website of the Clean Energy Regulator mentioned in section   162 of the Carbon Credits (Carbon Farming Initiative) Act 2011 ; and

  (ii)   inform the client that the client should consider each statement mentioned in section   162 of that Act before making any decision about whether to acquire the financial product; and

  (e)   if the advice relates to the acquisition, or possible acquisition, of an eligible international emissions unit, the providing entity must:

  (i)   provide the client with the address of the website of the Clean Energy Regulator mentioned in section   61 of the Australian National Registry of Emissions Units Act 2011 ; and

  (ii)   inform the client that the client should consider each statement mentioned in section   61 of the Australian National Registry of Emissions Units Act 2011 before making any decision about whether to acquire the financial product.".