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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES    View history reference

Division 11 - Agreements with unlicensed persons relating to the provision of financial services    View history reference

Subdivision B - Effect on agreements    View history reference

SECTION 925E  AGREEMENT UNENFORCEABLE AGAINST CLIENT  

 View history reference

925E(1)  [Application]  


This section:


(a) applies while both of the following are the case:


(i) the client is entitled to give a notice under section 925A;

(ii) a notice so given will result under section 925B in rescission of the agreement; and


(b) applies after the agreement is rescinded under section 925B;

but does not otherwise apply.

925E(2)  [Enforceability of agreement]  


The non-licensee is not entitled, as against the client:


(a) to enforce the agreement, whether directly or indirectly; or


(b) to rely on the agreement, whether directly or indirectly and whether by way of defence or otherwise.


 



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