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About advice
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 AUSCOAL if you require further information.
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Copyright AUSCOAL Superannuation Pty Ltd - ABN 70 003 566 989 - AFSL 246864 | AUSCOAL Superannuation Fund - ABN 16 457 520 308
This information about the Fund is of a general nature. It does not take into account your objectives, financial situation or specific needs. Because of this, you should, before acting on any of this information consider whether it is appropriate for your objectives, financial situation and 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 AUSCOAL to request a copy. AUSCOAL Advisory Services Pty Ltd ABN 22 104 151 635 is a Corporate Authorised Representative (number 240325) of Genesys Wealth Advisers Limited ABN 20 060 778 216 | AFSL No. 232686