Statute
Section 963K — Corporations Act 2001: Product issuer or seller must not give conflicted remuneration
Text of the provision Official document
(1) An issuer or seller of a financial product must not give a financial services licensee, or a representative of a financial services licensee, conflicted remuneration. Note: This subsection is a civil penalty provision (see section 1317E). Exception for insurance products (2) In determining whether an issuer or seller of a financial product contravenes subsection (1), disregard section 963BB (which is about informed consent for certain insurance commissions).
Official source: Federal Register of Legislation
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