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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 925F  NON-LICENSEE NOT ENTITLED TO RECOVER COMMISSION  

 View history reference

925F(1)  [Application]  


Without limiting the generality of section 925E, this section:


(a) applies while the client is entitled to give a notice under section 925A; and


(b) applies after the client so gives a notice, even if the notice does not result under section 925B in rescission of the agreement;

but does not otherwise apply.

925F(2)  [Non-licensee not entitled to recover commission]  


The non-licensee is not entitled to recover by any means (including, for example, set-off or a claim on a quantum meruit) any brokerage, commission or other fee for which the client would, but for this section, have been liable to the non-licensee under or in connection with the agreement.


 



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