Section 922HB — Corporations Act 2001: Obligation to notify ASIC of non-compliance with CPD provisions

(1) A notice must be lodged under this section, in accordance with section 922L, in relation to a person if, at the end of a financial services licensee’s CPD year: (a) the person: (i) is the licensee; or (ii) is authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products; and (b) the person is a relevant provider; and (c) during the licensee’s CPD year: (i) a CPD provision applied to the relevant provider; and (ii) the relevant provider did not comply with that provision. Note: A financial services licensee may obtain information from a relevant provider under section 922N for the purposes of determining whether to lodge a notice under this section. (2) The notice must state which of the CPD provisions the relevant provider did not comply with during the licensee’s CPD year.