Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 962S

Fee recipient must give fee disclosure statement

             (1)  The current fee recipient in relation to the ongoing fee arrangement must, before the end of a period of 60 days beginning on the disclosure day for the arrangement, give the client a fee disclosure statement in relation to the arrangement.

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

             (2)  The regulations may provide that subsection (1) does not apply in a particular situation.



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