Document ID: chunk:federal_register_of_legislation:C2025C00185:section:962j
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 962J
Character Range: 4028047–4029128

962J  Client may terminate ongoing fee arrangement at any time
 (1) It is a condition of the ongoing fee arrangement that the client may terminate the arrangement at any time.
 (2) A client may terminate the ongoing fee arrangement by giving notice to the fee recipient in relation to the ongoing fee arrangement, in writing, that the client wishes to terminate the arrangement.
 (3) If the client gives a notice under subsection (2) to terminate the ongoing fee arrangement, the arrangement terminates on the day on which the notice is given.
 (4) Any condition of the ongoing fee arrangement, or any other arrangement, that requires the client to pay an amount on terminating the ongoing fee arrangement is void to the extent that the amount exceeds the sum of:
 (a) any liability that the client has accrued but not satisfied under the ongoing fee arrangement before the termination; and
 (b) the costs of the current fee recipient incurred solely and directly because of the termination.

Subdivision C—Account holder consent required for deducting ongoing fees from accounts