Document ID: chunk:federal_register_of_legislation:C2013C00529:clause:1_963a
Version: federal_register_of_legislation:C2013C00529
Segment Type: clause
Provision Reference: sch 1 cl 963A
Character Range: 23802–24441

963A  Conflicted remuneration
  Conflicted remuneration means any benefit, whether monetary or non‑monetary, given to a financial services licensee, or a representative of a financial services licensee, who provides financial product advice to persons as retail clients that, because of the nature of the benefit or the circumstances in which it is given:
 (a) could reasonably be expected to influence the choice of financial product recommended by the licensee or representative to retail clients; or
 (b) could reasonably be expected to influence the financial product advice given to retail clients by the licensee or representative.