CORPORATIONS ACT 2001 - SECT 985L Issue of margin lending facility must not be conditional on agreement to receive communications through agent
CORPORATIONS ACT 2001 - SECT 985L
Issue of margin lending facility must not be conditional on agreement to receive communications through agentA financial services licensee must not require, as a condition of issuing a margin lending facility to a retail client, that the retail client enter into an agreement of the kind referred to in subsection 985M(2) (which deals with agreements about communications in relation to margin lending facilities).
Note: This section is a civil penalty provision (see section
1317E).