Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a person (the account holder ) who holds an account gives consent to a fee recipient under section 962R or 962S for the purposes of this Subdivision, the account holder may:
(a) withdraw the consent at any time, by notice in writing to the fee recipient; and
(b) vary the consent at any time, by notice in writing to the fee recipient.
(2) If the fee recipient receives a notice from the account holder under subsection (1), the fee recipient must within 10 business days of receipt:
(a) give written confirmation to the account holder that the notice was received; and
(b) if the fee recipient gave a copy of the account holder's consent to an account provider under paragraph 962S(3)(c)--give the account provider a copy of the notice.
(3) A person contravenes this subsection if the person contravenes subsection (2).
Note: This subsection is a civil penalty provision (see section
1317E).