ASIC has registered ASIC Corporations (Amendment) Instrument 2024/23 to extend the registration period for financial advisers from 1 February 2024 to 16 February 2024.
From 16 February 2024, all relevant providers, including time-share advisers, must be registered. This does not include provisional relevant providers.
A relevant provider giving personal advice while unregistered will be in breach of a restricted civil penalty provision and the relevant provider’s authorising AFS licensee(s) will have committed an offence of strict liability and contravened a civil penalty provision.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
