AUZ 0.00% 0.8¢ australian mines limited

AUZ at the bottom, page-127

  1. 9,041 Posts.
    lightbulb Created with Sketch. 3902
    We know what we are talking about lol.

    Here you go, from RG 36 (same doc HAC provided other excerpts of):

    "For example, a communication is more likely to be financial product advice if its provider (or associate) is remunerated by the client or stands to benefit depending on the decisions made by a client. This is because an intention to influence may be more readily inferred."

    Benefits don't have to be monetary. You gain a benefit from pumping stock to people and telling them to buy. Attempt to influence can easily be inferred from your actions. i.e you are providing unlicensed advice.

    It doesn't matter if you don't believe or agree with us. It's the law.
 
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