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 C - Consent required for deduction of ongoing fees from accounts  

SECTION 962T   REQUIREMENTS RELATING TO CONSENT  

962T(1)  
ASIC may, by legislative instrument, determine requirements for the giving of consent to deductions from an account for the purposes of this Subdivision.

962T(2)  
Without limiting subsection (1) , the instrument may require that:

(a)  a specified form, or specified form of words, must be used for giving consent; or

(b)  a consent must include specified information.


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