Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Division 2 - Best interests obligations  

Subdivision F - Responsibilities of licensees under this Division  

SECTION 961K   CIVIL PENALTY PROVISION - SECTIONS 961B, 961G, 961H AND 961J  

961K(1)  
A financial services licensee contravenes this section if the licensee contravenes section 961B , 961G , 961H or 961J .

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

961K(2)  
A financial services licensee contravenes this section if:

(a) a representative, other than an authorised representative, of the licensee contravenes section 961B , 961G , 961H or 961J ; and

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

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