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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION    View history reference

Division 3 - Charging ongoing fees to clients    View history reference

Subdivision B - Termination, disclosure and renewal    View history reference

SECTION 962L  RENEWAL NOTICE DAY AND RENEWAL PERIOD  

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962L(1)  

The renewal notice day for an ongoing fee arrangement means:


(a) if the arrangement has not previously been renewed - the second anniversary of the day on which the arrangement was entered into; and


(b) if the arrangement has previously been renewed - the second anniversary of the last day on which the arrangement was renewed.

962L(2)  

The renewal period for an ongoing fee arrangement is a period of 30 days beginning on the day on which the current fee recipient in relation to the arrangement gives the client a renewal notice and a fee disclosure statement in relation to the arrangement.


 



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