CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Division 4 - Conflicted remuneration  

Subdivision C - Ban on conflicted remuneration  

SECTION 963E   LICENSEE MUST NOT ACCEPT CONFLICTED REMUNERATION  

963E(1)  
A financial services licensee must not accept conflicted remuneration.

Note: This subsection is a civil penalty provision (see section 1317E ).

963E(2)  
A financial services licensee contravenes this section if:


(a) a representative, other than an authorised representative, of the licensee accepts conflicted remuneration; and


(b) the licensee is the, or a, responsible licensee in relation to the contravention.

Note: This subsection is a civil penalty provision (see section 1317E ).


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