Corporations Act 2001
If a person (the account holder ) who holds an account gives consent to a fee recipient under section 962R or 962S for the purposes of this Subdivision, the account holder may: (a) withdraw the consent at any time, by notice in writing to the fee recipient; and (b) vary the consent at any time, by notice in writing to the fee recipient. 962U(2)
If the fee recipient receives a notice from the account holder under subsection (1) , the fee recipient must within 10 business days of receipt: (a) give written confirmation to the account holder that the notice was received; and (b) if the fee recipient gave a copy of the account holder ' s consent to an account provider under paragraph 962S(3)(c) - give the account provider a copy of the notice. 962U(3)
A person contravenes this subsection if the person contravenes subsection (2) .
Note: This subsection is a civil penalty provision (see section 1317E ).
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