CORPORATIONS ACT 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.7A
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BEST INTERESTS OBLIGATIONS AND REMUNERATION
Division 5
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Other banned remuneration
Subdivision B
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Asset-based fees on borrowed amounts
SECTION 964F
964F
WHAT IS AN
ASSET-BASED FEE
?
A fee for providing financial product advice to a person as a retail client is an asset-based fee to the extent that it is dependent upon the amount of funds used or to be used to acquire financial products by or on behalf of the person.
View history note
Hide history noteA fee for providing financial product advice to a person as a retail client is an asset-based fee to the extent that it is dependent upon the amount of funds used or to be used to acquire financial products by or on behalf of the person.
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