Document ID: chunk:federal_register_of_legislation:C2019A00087:clause:1_963m
Version: federal_register_of_legislation:C2019A00087
Segment Type: clause
Provision Reference: sch 1 cl 963M
Character Range: 5518–6551

963M  Person covered by this section in relation to conflicted remuneration
 (1) This section covers a person in relation to conflicted remuneration if:
 (a) the person is legally obliged (disregarding Subdivision C) to give, on or after 1 January 2021, the conflicted remuneration to another person; and
 (b) the person is prohibited under that Subdivision from giving the conflicted remuneration to the other person, or the other person is prohibited under that Subdivision from accepting the conflicted remuneration.
 (2) This section also covers a person in relation to conflicted remuneration if:
 (a) regulations made for the purposes of this subsection specify conditions in relation to the conflicted remuneration; and
 (b) those conditions are met.
 (3) Despite subsections (1) and (2), this section does not cover a person in relation to conflicted remuneration if:
 (a) regulations made for the purposes of this subsection specify conditions in relation to the conflicted remuneration; and
 (b) those conditions are met.