CORPORATIONS ACT 2001 - SECT 963E Licensee must not accept conflicted remuneration

CORPORATIONS ACT 2001 - SECT 963E

  (1)   A financial services licensee must not accept conflicted remuneration.

Note:   This subsection is a civil penalty provision (see section   1317E).

  (2)   A financial services licensee contravenes this section if:

  (a)   a representative, other than an authorised representative, of the licensee accepts conflicted remuneration; and

  (b)   the licensee is the, or a, responsible licensee in relation to the contravention.

Note:   This subsection is a civil penalty provision (see section   1317E).