Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Division 3 - Charging ongoing fees to clients  

Subdivision B - Termination, disclosure and renewal  

SECTION 962L   RENEWAL NOTICE DAY AND RENEWAL PERIOD  

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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