Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1673D

Transitional--existing obligation to give a fee disclosure statement under section 962G

             (1)  This section applies if:

                     (a)  a disclosure day for the ongoing fee arrangement occurs before 1 July 2021; and

                     (b)  the period of 60 days beginning on the disclosure day ends on or after 1 July 2021; and

                     (c)  before 1 July 2021 the current fee recipient in relation to the ongoing fee arrangement has not given a fee disclosure statement in relation to the ongoing fee arrangement in accordance with the obligation arising under section 962G (as in force before 1 July 2021) in relation to the disclosure day.

             (2)  The obligation on the fee recipient to give the fee disclosure statement within the 60 day period beginning on the disclosure day ceases on 1 July 2021.

             (3)  However, to the extent that the fee disclosure statement referred to in subsection (2) would have been required to include information in relation to a period that would not otherwise be required to be included in a fee disclosure statement given under section 1673C, the fee disclosure statement given under that section must include that information.



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