Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
Conflicted remuneration means any benefit, whether monetary or non-monetary, given to a financial services licensee, or a representative of a financial services licensee, who provides financial product advice to persons as retail clients that, because of the nature of the benefit or the circumstances in which it is given:
(a) could reasonably be expected to influence the choice of financial product recommended by the licensee or representative to retail clients; or
(b) could reasonably be expected to influence the financial product advice given to retail clients by the licensee or representative.
PART 7.7A
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BEST INTERESTS OBLIGATIONS AND REMUNERATION
Division 4
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Conflicted remuneration
Subdivision B
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What is conflicted remuneration?
SECTION 963A
963A
CONFLICTED REMUNERATION
Conflicted remuneration means any benefit, whether monetary or non-monetary, given to a financial services licensee, or a representative of a financial services licensee, who provides financial product advice to persons as retail clients that, because of the nature of the benefit or the circumstances in which it is given:
(a) could reasonably be expected to influence the choice of financial product recommended by the licensee or representative to retail clients; or
(b) could reasonably be expected to influence the financial product advice given to retail clients by the licensee or representative.
Note: A reference in this Subdivision (including sections 963A , 963AA , 963B , 963C and 963D ) to giving a benefit includes a reference to causing or authorising it to be given (see section 52 ).
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