CORPORATIONS ACT 2001 - SECT 985F Assessment of unsuitability of margin lending facility

CORPORATIONS ACT 2001 - SECT 985F

    For the purposes of paragraph   985E(1)(c), the provider must make an assessment that:

  (a)   specifies the period the assessment covers; and

  (b)   assesses whether the margin lending facility will be unsuitable for the retail client if the facility is issued or the limit is increased in that period.

Note:   The provider is not required to make the assessment if the margin lending facility is not issued or the limit is not increased.