Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Division 3 - Charging ongoing fees to clients  

Subdivision C - 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.