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StatuteCorporations Act 2001

Section 1023N — Corporations Act 2001: Product intervention orders may require notification

Text of the provision Official document

(1) A product intervention order in relation to a financial product may: (a) require that a specified person who has: (i) dealt in, or dealt in a specified way in, a financial product in relation to a retail client; or (ii) provided financial product advice, or a specified kind of financial product advice, to a retail client in relation to a financial product; take reasonable steps to notify the retail client: (iii) of the terms of the order; and (iv) of any other matter specified in regulations made for the purposes of this subparagraph; and (b) specify requirements in relation to giving those notifications (including requirements as to the periods within which to give those notifications). (2) In this section, dealing in a financial product has the meaning given by subsection 994A(1).

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.