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 C - Account holder consent required for deducting ongoing fees from accounts  

SECTION 962W  

962W   CONDITIONS REQUIRING CONSENT TO BE GIVEN ARE VOID  

Any condition of the ongoing fee arrangement, or any other arrangement, that requires the client to do either or both of the following is void:

(a)    to give consent under this Subdivision in relation to the deduction of ongoing fees relating to the ongoing fee arrangement;

(b)    not to vary or withdraw such consent.