Commonwealth Consolidated Acts

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Conflicted remuneration

                   Conflicted remuneration means any benefit, whether monetary or non-monetary, given to a financial services licensee, or a representative of a financial services licensee, who provides financial product advice to persons as retail clients that, because of the nature of the benefit or the circumstances in which it is given:

                     (a)  could reasonably be expected to influence the choice of financial product recommended by the licensee or representative to retail clients; or

                     (b)  could reasonably be expected to influence the financial product advice given to retail clients by the licensee or representative.

Note:          A reference in this Subdivision (including sections 963A, 963AA, 963B, 963C and 963D) to giving a benefit includes a reference to causing or authorising it to be given (see section 52).

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