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Task 1 Initial disclosures Following a personal introduction and before you begin gathering information about the clients' existing financial
Task 1 — Initial disclosures
Following a personal introduction and before you begin gathering information about the clients' existing financial situation or needs, there are certain disclosures you are required to make as a finance broker. These disclosures include the way you are remunerated and the range and limitation of your services.
1. There are four (4) documents listed in ASIC Information sheet INFO 146 'Responsible lending disclosure obligations - Overview for credit licensees and representatives' that must be provided to customers. Refer to this Information sheet and the information contained in your topic notes to answer part (a) and (b) below.
(a) Identify which of these four (4) documents you must provide your client before you commence providing credit assistance and explain the main disclosures relevant to that document. (40 words)
