Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.