Document ID: chunk:federal_register_of_legislation:C2013C00529:clause:1_961q
Version: federal_register_of_legislation:C2013C00529
Segment Type: clause
Provision Reference: sch 1 cl 961Q
Character Range: 22401–23228

961Q  Civil penalty provision—sections 961B, 961G, 961H and 961J
 (1) An authorised representative of a financial services licensee contravenes this section if the authorised representative contravenes section 961B, 961G, 961H or 961J.
Note: This subsection is a civil penalty provision (see section 1317E).
 (2) Subsection (1) does not apply if:
 (a) the licensee had provided the authorised representative with information or instructions about the requirements to be complied with in relation to the giving of personal advice; and
 (b) the authorised representative's failure to comply with section 961B, 961G, 961H or 961J occurred because the representative was acting in reliance on that information or those instructions; and
 (c) the representative's reliance on that information or those instructions was reasonable.