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StatuteCorporations Act 2001

Section 925F — Corporations Act 2001: Non-licensee not entitled to recover commission

Text of the provision Official document

(1) Without limiting the generality of section 925E, this section: (a) applies while the client is entitled to give a notice under section 925A; and (b) applies after the client so gives a notice, even if the notice does not result under section 925B in rescission of the agreement; but does not otherwise apply. (2) The non-licensee is not entitled to recover by any means (including, for example, set-off or a claim on a quantum meruit) any brokerage, commission or other fee for which the client would, but for this section, have been liable to the non-licensee under or in connection with the agreement.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.