ASIC Corporations (Adara Advisors) Instrument 2022/625 (Cth)

ASIC Corporations (Adara Advisors) Instrument 2022/625 I, Calissa Aldridge, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 6 July 2022

Calissa Aldridge

Contents

Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Exemption 5 Exemption for Volunteers 6 Where this exemption applies Part 3—Repeal 7 Repeal

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations (Adara Advisors) Instrument 2022/625.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

3 Authority This instrument is made under paragraph 926A(2)(a) of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001. Adara Advisors means Adara Advisors Pty. Limited ACN 119 655 499. Adara Partners means Adara Partners (Australia) Pty. Limited ACN 601 898 006. Panel Member means a person who provides financial services in this jurisdiction on behalf of Adara Advisors, and to whom the exemption in ASIC Corporations (Adara Advisors) Instrument 2015/628 applies. representative has the meaning given by section 910A of the Act.

Part 2—Exemption

5 Exemption for Volunteers A person (Volunteer) who provides financial product advice in this jurisdiction on behalf of Adara Advisors does not have to comply with subsection 911B(1) of the Act in relation to the provision of the financial product advice.

6 Where this exemption applies The exemption in section 5 applies where:

(a) Adara Advisors holds an Australian financial services licence covering the provision of the financial product advice; and

(b) the Volunteer is a representative of Adara Advisors; and