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StatuteCorporations Act 2001

Section 962U — Corporations Act 2001: Variation or withdrawal of consent

Text of the provision Official document

(1) If a person (the account holder) who holds an account gives consent to a fee recipient under section 962R or 962S for the purposes of this Subdivision, the account holder may: (a) withdraw the consent at any time, by notice in writing to the fee recipient; and (b) vary the consent at any time, by notice in writing to the fee recipient. (2) If the fee recipient receives a notice from the account holder under subsection (1), the fee recipient must within 10 business days of receipt: (a) give written confirmation to the account holder that the notice was received; and (b) if the fee recipient gave a copy of the account holder’s consent to an account provider under paragraph 962S(3)(c)—give the account provider a copy of the notice.

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.