Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28vj
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28VJ
Character Range: 250817–251660

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

Division 4—Circumstances in which conflicted remuneration must not be given