Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A financial services licensee, or an authorised representative of a financial services licensee, commits an offence if:
(a) the licensee or representative gives (see subsection (3)) a person a Statement of Advice in circumstances in which it is required by a provision of this Part to be given to the person; and
(b) the Statement of Advice does not comply with section 947A or 947E.
(2) For the purposes of an offence based on subsection (1), strict liability applies to paragraph (b) of that subsection.
Note: For strict liability , see section 6.1 of the Criminal Code .
(3) In this section, give means give by any means (including orally), and is not limited to the meaning it has because of section 940C.