Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf a financial services licensee makes an application in accordance with section 921ZB in relation to a relevant provider, and ASIC registers the relevant provider under subsection 921ZC(1A), the registration of the relevant provider in relation to the licensee:
(a) comes into force when ASIC records in the Register of Relevant Providers that the relevant provider is registered in relation to the licensee; and
(b) remains in force until the earliest of the following:
(i) the cancellation time specified in any registration prohibition order in force against the relevant provider;
(ii) the time when any banning order against the relevant provider takes effect;
(iii) the licensee ceases to authorise the relevant provider to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products.
Note 1: A notice must be lodged under section 922H when there is a change in a matter for a relevant provider.
Note 2: For relevant providers with more than one registration, all registrations cease to be in force under subparagraph (b)(i) or (ii). For subparagraph (b)(iii), only the registration relating to the licensee referred to in that subparagraph ceases.