Australia Corporations Act 2001 (Cth)
Chapter 7 Parts 7.7, 7.7A and 7.8: Retail client disclosure, advice conduct, client money and records – Australia Corporations Act 2001 (Cth)

Australia Corporations Act 2001 (Cth) s961B-961J: ss 961B, 961G and 961J Act in the client's best interests, give appropriate advice and prioritise the client

A person giving personal advice to a retail client acts in the client's best interests (s 961B), satisfied by proving the steps in s 961B(2): identifying the client's objectives, financial situation and needs from their instructions and the subject matter of the advice, making reasonable inquiries where information is incomplete or inaccurate, declining where lacking expertise, reasonably investigating and assessing products where a recommendation is considered, basing all judgments on the client's relevant circumstances, and taking any other step reasonably regarded as in their best interests. The advice must be appropriate (s 961G), and where the provider knows or should know of a conflict with its own, its licensee's or associates' interests, it gives priority to the client's interests (s 961J).

Maintained by Gerard Blokdyk

Other controls in Chapter 7 Parts 7.7, 7.7A and 7.8: Retail client disclosure, advice conduct, client money and records – Australia Corporations Act 2001 (Cth)

Query this from an agent

The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.