Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.7A
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BEST INTERESTS OBLIGATIONS AND REMUNERATION
Division 4
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Conflicted remuneration
Subdivision C
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Ban on conflicted remuneration
SECTION 963J
963J
EMPLOYER MUST NOT GIVE EMPLOYEES CONFLICTED REMUNERATION
An employer of a financial services licensee, or a representative of a financial services licensee, must not give the licensee or representative conflicted remuneration for work carried out, or to be carried out, by the licensee or representative as an employee of the employer.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteAn employer of a financial services licensee, or a representative of a financial services licensee, must not give the licensee or representative conflicted remuneration for work carried out, or to be carried out, by the licensee or representative as an employee of the employer.
Note: This section is a civil penalty provision (see section 1317E ).
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