(1)
Financial advice is not regulated financial advice if it is given—
in the ordinary course of the business of a non-financial not-for-profit organisation; and
for no charge.
(2)
In this clause, non-financial not-for-profit organisation means an organisation—
that operates other than for the purposes of profit or gain to an owner, a member, or a shareholder; and
that is not the product provider (or related to the product provider) of a financial advice product.
Compare: 2008 No 91 s 14(1)(f)
Schedule 5 clause 13: inserted, on 15 March 2021, by section 60 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).