ABN 48 618 495 828

Provisional Relevant Provider Expression Legislative Instrument

 

Section 921U(2)(a)(v) of the Corporations Act 2001 requires FASEA, by legislative instrument, to specify a word or expression to refer to a provisional relevant provider.

The term has been developed for consumers to identify a provisional relevant provider undergoing their work and training (professional year) requirement from a qualified relevant provider and was determined with guidance from industry following consultation in July and August 2018 and through 7 formal submissions received during FASEA’s consultation process in November 2018.

As such FASEA has proposed the final expressions to be used for a Provisional Relevant Provider as “Provisional Financial Adviser” or “Provisional Financial Planner”, which may be used interchangeably.

To access the Legislative Instrument and Explanatory Statement, please follow this link:  Provisional Relevant Provider Expression Determination