Financial Advisers Act 2008

  • repealed
  • Financial Advisers Act 2008: repealed, on 15 March 2021, by section 97(1) of the Financial Services Legislation Amendment Act 2019 (2019 No 8). Section 138(1)(a)(iii) corrected on 15 March 2021 under section 25(1)(j)(iii) and (iv) of the Legislation Act 2012.

Part 3A Brokers’ disclosure and conduct obligations

Part 3A: inserted, on 1 July 2010, by section 24 of the Financial Advisers Amendment Act 2010 (2010 No 40).

Who is broker and what is broking service

Heading: inserted, on 1 July 2010, by section 24 of the Financial Advisers Amendment Act 2010 (2010 No 40).

77A Who is broker

(1)

A broker is an individual or an entity who carries on a business of providing or offering to provide a broking service to a client (whether or not the business is the provider’s only business or the provider’s principal business).

(2)

See section 77U for how the Act’s requirements apply in the case of a person who provides a broking service on behalf of another person’s business.

Section 77A: inserted, on 1 July 2010, by section 24 of the Financial Advisers Amendment Act 2010 (2010 No 40).