Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
A financial services licensee contravenes this section if the licensee contravenes section 961B , 961G , 961H or 961J .
A financial services licensee contravenes this section if:
(a) a representative, other than an authorised representative, of the licensee contravenes section 961B , 961G , 961H or 961J ; and
(b) the licensee is the, or a, responsible licensee in relation to that contravention.
[ CCH Note: Ch 7 will be amended by No 8 of 2022, s 3, Sch 2[165], by inserting the note, (effective 1 July 2022). The note will read:
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .]
PART 7.7A
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BEST INTERESTS OBLIGATIONS AND REMUNERATION
Division 2
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Best interests obligations
Subdivision F
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Responsibilities of licensees under this Division
SECTION 961K
CIVIL PENALTY PROVISION
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SECTIONS 961B, 961G, 961H AND 961J
961K(1)
A financial services licensee contravenes this section if the licensee contravenes section 961B , 961G , 961H or 961J .
Note: This subsection is a civil penalty provision (see section 1317E ).
961K(2)A financial services licensee contravenes this section if:
(a) a representative, other than an authorised representative, of the licensee contravenes section 961B , 961G , 961H or 961J ; and
(b) the licensee is the, or a, responsible licensee in relation to that contravention.
Note: This subsection is a civil penalty provision (see section 1317E ).
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