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Be careful not to give advice ...
Financial Services legislation prohibits unlicensed persons from giving any advice that takes into account an individual's objectives, financial situation or specific needs.
What can you do?
You can give employees factual information only, for example:
- how superannuation works
- factual tax information on superannuation
- your company's default super fund including providing a Product Disclosure Statement issued by the fund
What can't you do?
You cannot make a recommendation or give an opinion that may influence a person's decision about a financial product unless you are licensed to do so.
Please contact AUSCOAL Super on 1300 366 212 if you require further information.
Copyright AUSCOAL Superannuation Pty Ltd - ABN 70 003 566 989 - AFSL 246864 - RSE L0002783 | AUSCOAL Superannuation Fund - ABN 16 457 520 308 - Regn. R1056563
This information about the Fund is of a general nature. It does not take into account your objectives, financial situation or specific needs. You should consider seeking advice before acting on any of this information. If you have a choice about whether to join this Fund you should first consider our Product Disclosure Statement which you can download from this site, or call 1300 366 212 to request a copy.
AUSCOAL Advisory Services Pty Ltd ABN 22 104 151 635 is a member firm of Genesys Wealth Advisers ABN 20 060 778 216 | AFSL No. 232686