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CORPORATIONS ACT 2001 - SECT 963E

Licensee must not accept conflicted remuneration

             (1)  A financial services licensee must not accept conflicted remuneration.

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

             (2)  A financial services licensee contravenes this section if:

                     (a)  a representative, other than an authorised representative, of the licensee accepts conflicted remuneration; and

                     (b)  the licensee is the, or a, responsible licensee in relation to the contravention.

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



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