Document ID: chunk:federal_register_of_legislation:C2025C00185:section:742:p20
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 742 (pt 20/24)
Character Range: 2956444–2959641

Supplementary FSG or website disclosure information is defective
952M Offence of unauthorised alteration of Financial Services Guide, Supplementary Financial Services Guide or website disclosure information
Subdivision B—Civil liability
953A Meaning of defective and disclosure document or statement
953B Civil action for loss or damage
953C Additional powers of court to make orders
Part 7.7A—Best interests obligations and remuneration
Division 1—Preliminary
960A No contracting out
960B Obligations under this Part in addition to other obligations
Division 2—Best interests obligations
Subdivision A—Preliminary
961 Application of this Division
961A Application to a financial services licensee acting as an authorised representative
Subdivision B—Provider must act in the best interests of the client
961B Provider must act in the best interests of the client
961C Meaning of reasonably apparent
961D Meaning of reasonable investigation
961E What would reasonably be regarded as in the best interests of the client?
961F Meaning of basic banking product
Subdivision C—Resulting advice must be appropriate to the client
961G Resulting advice must be appropriate to the client
Subdivision D—Where resulting advice still based on incomplete or inaccurate information
961H Resulting advice still based on incomplete or inaccurate information
Subdivision E—Provider to give priority to the client's interests
961J Conflict between client's interests and those of provider, licensee, authorised representative or associates
Subdivision F—Responsibilities of licensees under this Division
961K Civil penalty provision—sections 961B, 961G, 961H and 961J
961L Licensees must ensure compliance
961M Civil action for loss or damage
961N Additional powers of Court to make orders
961P Meaning of responsible licensee
Subdivision G—Responsibilities of authorised representatives under this Division
961Q Civil penalty provision—sections 961B, 961G, 961H and 961J
Division 3—Charging ongoing fees to clients
Subdivision A—Preliminary
962 Application of this Division
962A Meaning of ongoing fee arrangement
962B Meaning of ongoing fee
962C Meaning of fee recipient
Subdivision B—Client consent required for ongoing fee arrangements
962F Ongoing fee arrangement terminates without consent
962G Requirements for consent
962H When consent ceases to have effect
962J Client may terminate ongoing fee arrangement at any time
Subdivision C—Account holder consent required for deducting ongoing fees from accounts
962R Fee recipient must not deduct ongoing fees without consent
962S Fee recipient must not arrange for deduction of ongoing fees without consent or accept such deductions
962T Requirements for consent—deduction of fees from accounts
962U Variation or withdrawal of consent
962V When consent ceases to have effect
962W Conditions requiring consent to be given are void
962WA Ongoing fee arrangement terminates if fee deducted without consent
Subdivision D—Common rules for consents under this Division
962X Obligation to keep records of compliance
962Y Form for consents
962YA Combining information in a single notice or form
Subdivision E—Common rules for terminations under this Division
962Z Civil