Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.7A
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BEST INTERESTS OBLIGATIONS AND REMUNERATION
Division 2
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Best interests obligations
Subdivision B
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Provider must act in the best interests of the client
SECTION 961E
961E
WHAT WOULD REASONABLY BE REGARDED AS IN THE BEST INTERESTS OF THE CLIENT?
It would reasonably be regarded as in the best interests of the client to take a step, if a person with a reasonable level of expertise in the subject matter of the advice that has been sought by the client, exercising care and objectively assessing the client ' s relevant circumstances, would regard it as in the best interests of the client, given the client ' s relevant circumstances, to take that step.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
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Hide history noteIt would reasonably be regarded as in the best interests of the client to take a step, if a person with a reasonable level of expertise in the subject matter of the advice that has been sought by the client, exercising care and objectively assessing the client ' s relevant circumstances, would regard it as in the best interests of the client, given the client ' s relevant circumstances, to take that step.
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