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 3
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Charging ongoing fees to clients
Subdivision E
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Common rules for terminations under this Division
SECTION 962Z
962Z
CIVIL PENALTY PROVISION
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CHARGING ONGOING FEES AFTER ARRANGEMENT TERMINATED
If an ongoing fee arrangement terminates for any reason, the fee recipient must not charge a fee that purports to be an ongoing fee under the arrangement.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteIf an ongoing fee arrangement terminates for any reason, the fee recipient must not charge a fee that purports to be an ongoing fee under the arrangement.
Note: This section is a civil penalty provision (see section 1317E ).
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