Document ID: chunk:federal_register_of_legislation:C2024C00826:section:158lb
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 158LB
Character Range: 421110–421718

158LB  Conflict between consumer's interests and those of the licensee etc.
  If the licensee knows, or reasonably ought to know, that there is a conflict between the interests of the consumer and the interests of:
 (a) the licensee; or
 (b) an associate of the licensee; or
 (c) a representative of the licensee; or
 (d) an associate of a representative of the licensee;
the licensee must give priority to the consumer's interests when providing the credit assistance.
Civil penalty: 5,000 penalty units.

Subdivision B—Credit representatives that provide credit assistance in relation to credit contracts