Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
The current fee recipient in relation to the ongoing fee arrangement must, before the end of a period of 60 days beginning on the disclosure day for the arrangement, give the client a fee disclosure statement in relation to the arrangement.
The regulations may provide that subsection (1) does not apply in a particular situation.
PART 7.7A
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BEST INTERESTS OBLIGATIONS AND REMUNERATION
Division 3
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Charging ongoing fees to clients
Subdivision C
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Disclosure for arrangements to which Subdivision B does not apply
SECTION 962S
FEE RECIPIENT MUST GIVE FEE DISCLOSURE STATEMENT
962S(1)
The current fee recipient in relation to the ongoing fee arrangement must, before the end of a period of 60 days beginning on the disclosure day for the arrangement, give the client a fee disclosure statement in relation to the arrangement.
Note: This subsection is a civil penalty provision (see section 1317E ).
962S(2)
The regulations may provide that subsection (1) does not apply in a particular situation.
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