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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 4 - Conflicted remuneration    View history reference

Subdivision C - Ban on conflicted remuneration  

SECTION 963E  LICENSEE MUST NOT ACCEPT CONFLICTED REMUNERATION  

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963E(1)  

A financial services licensee must not accept conflicted remuneration.

Note: This subsection is a civil penalty provision (see section 1317E).

963E(2)  

A financial services licensee contravenes this section if:


(a) a representative, other than an authorised representative, of the licensee accepts conflicted remuneration; and


(b) the licensee is the, or a, responsible licensee in relation to the contravention.

Note: This subsection is a civil penalty provision (see section 1317E).


 



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