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CORPORATIONS ACT 2001 - SECT 963L

Volume - based benefits presumed to be conflicted remuneration

    It is presumed for the purposes of this Division that a benefit of one of the following kinds is conflicted remuneration, unless the contrary is proved:

  (a)   a benefit access to which, or the value of which, is wholly or partly dependent on the total value of financial products of a particular class, or particular classes:

  (i)   recommended by a financial services licensee, or a representative of a financial services licensee, to retail clients, or a class of retail clients; or

  (ii)   acquired by retail clients, or a class of retail clients, to whom a financial services licensee, or a representative of a financial services licensee, provides financial product advice;

  (b)   a benefit access to which, or the value of which, is wholly or partly dependent on the number of financial products of a particular class, or particular classes:

  (i)   recommended by a financial services licensee, or a representative of a financial services licensee, to retail clients, or a class of retail clients; or

  (ii)   acquired by retail clients, or a class of retail clients, to whom a financial services licensee, or a representative of a financial services licensee, provides financial product advice.


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