Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28vi
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28VI
Character Range: 250068–250817

28VI  Circumstances in which a licensee must not accept conflicted remuneration
 (1) This regulation is made for the purposes of section 158NB of the Act.
 (2) A licensee must not accept conflicted remuneration if the conflicted remuneration relates to:
 (a) credit assistance provided by the licensee to a consumer in relation to a credit contract; or
 (b) whether or how the licensee acts as an intermediary between a credit provider and consumer in relation to a credit contract.
 (3) However, subregulation (2) does not apply in relation to a credit service provided to a consumer in relation to a credit contract by a credit representative acting within the scope of the credit representative's actual or apparent authority from the licensee.