Section 981M — Corporations Act 2001: Complying with client money reporting rules

(1) Financial services licensees must comply with the client money reporting rules. Note: This subsection is a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this subsection, see section 1317S. (2) If there is an inconsistency between the client money reporting rules, and any of the following other rules: (a) the market integrity rules; (b) the derivative transaction rules; (c) the derivative trade repository rules; those other rules prevail to the extent of the inconsistency. Note: If there is an inconsistency between the client money reporting rules and the operating rules of a licensed market or of a licensed CS facility, the client money reporting rules prevail: see subsections 793B(2) and 822B(2).