Section 910A — Corporations Act 2001: Meaning of some terms relating to licensing of providers of financial services

In this Act: body corporate licensee means a body corporate that: (a) is a financial services licensee; and (b) is authorised to provide personal advice to retail clients in relation to relevant financial products. class of product advice means financial product advice about a class of products, but does not include a recommendation about a specific product in the class. CPD year (short for continuing professional development year): a financial services licensee’s CPD year is the 12-month period beginning on the day of the year included in the most recent notice given by the licensee under section 922HA. foreign qualification means a bachelor or higher degree, or equivalent qualification, awarded by a tertiary education institution outside Australia. limited-service time-sharing adviser: a person is a limited-service time-sharing adviser if: (a) the person is a relevant provider; and (b) the only relevant financial product that the person provides advice in relation to is a time-sharing scheme; and (c) the person has not met any one or more of the education and training standards in subsections 921B(2) to (4). qualified tax relevant provider: a person is a qualified tax relevant provider if: (a) the person is a relevant provider; and (b) one or more of the following applies: (i) the person is a registered tax agent; (ii) if a determination is in force under subsection 921BB(1)—the person meets each requirement set out in the determination that is of a kind mentioned in any of paragraphs (a) to (d) of that subsection. relevant financial products means financial products other than: (a) basic banking products; or (b) general insurance products; or (c) consumer credit insurance; or (d) a combination of any of those products. relevant provider: a person is a relevant provider if the person: (a) is an individual; and (b) is: (i) a financial services licensee; or (ii) an authorised representative of a financial services licensee; or (iii) an employee or director of a financial services licensee; or (iv) an employee or director of a related body corporate of a financial services licensee; and (c) is authorised to provide personal advice to retail clients, as the licensee or on behalf of the licensee, in relation to relevant financial products.