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CORPORATIONS ACT 2001 - SECT 925F Non - licensee not entitled to recover commission

CORPORATIONS ACT 2001 - SECT 925F

Non - licensee not entitled to recover commission

  (1)   Without limiting the generality of section   925E, this section:

  (a)   applies while the client is entitled to give a notice under section   925A; and

  (b)   applies after the client so gives a notice, even if the notice does not result under section   925B in rescission of the agreement;

but does not otherwise apply.

  (2)   The non - licensee is not entitled to recover by any means (including, for example, set - off or a claim on a quantum meruit ) any brokerage, commission or other fee for which the client would, but for this section, have been liable to the non - licensee under or in connection with the agreement.

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