Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Division 4 - Conflicted remuneration  

Subdivision C - Ban on conflicted remuneration  

SECTION 963K   PRODUCT ISSUER OR SELLER MUST NOT GIVE CONFLICTED REMUNERATION  

963K(1)    
An issuer or seller of a financial product must not give a financial services licensee, or a representative of a financial services licensee, conflicted remuneration.

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

Exception for insurance products

963K(2)    

In determining whether an issuer or seller of a financial product contravenes subsection (1) , disregard section 963BB (which is about informed consent for certain insurance commissions).