Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28vm
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28VM
Character Range: 253083–253866

28VM  Circumstances in which a mortgage intermediary must not give conflicted remuneration
 (1) This regulation is made for the purposes of subsections 158NF(1) and (2) of the Act.
 (2) A mortgage intermediary must not give conflicted remuneration to a licensee, or a representative of the licensee (other than a credit representative), if it would be a contravention of section 158NB of the Act for the licensee or representative to accept the conflicted remuneration.
 (3) A mortgage intermediary must not give conflicted remuneration to a credit representative of a licensee if it would be a contravention of subsection 158NC(1) of the Act for the credit representative to accept the conflicted remuneration.

Chapter 4—Administration—registers relating to credit activities