Section 952H — Corporations Act 2001: Financial services licensee failing to ensure authorised representative gives disclosure documents or statements as required

Obligation (1) A financial services licensee contravenes this subsection if the licensee does not take reasonable steps to ensure that an authorised representative of the licensee: (a) complies with their obligations under this Part to give, or make available, disclosure documents or statements as and when required; and (b) without limiting paragraph (a), does not, in purported compliance with obligations under this Part, give, or make available, disclosure documents or statements that are defective. Fault-based offence (2) A person commits an offence if the person contravenes subsection (1). Civil liability (3) A person contravenes this subsection if the person contravenes subsection (1). Note: This subsection is a civil penalty provision (see section 1317E).