Personal Advice
Under the Corporations Act 2001 (Cth) personal advice is financial product advice that is given or directed to a person (including by electronic means) in circumstances where:
(a) the provider of the advice has considered one or more of the person's objectives, financial situation and needs; or
(b) a reasonable person might expect the provider to have considered one or more of those matters.
General Advice
General advice is financial product advice that is not personal advice.