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 3 - Charging ongoing fees to clients  

Subdivision A - Preliminary  

SECTION 962   APPLICATION OF THIS DIVISION  

962(1)    
This Division applies in a case where:

(a) a financial services licensee, or a representative of a financial services licensee, enters into an ongoing fee arrangement with another person (the client ); and

(b) the arrangement has not terminated for any reason.

962(2)    
This Division also applies in a case where:

(a) the rights of a financial services licensee, or a representative of a financial services licensee, under an ongoing fee arrangement are assigned to another person; and

(b) the arrangement has not terminated for any reason.