Document ID: chunk:federal_register_of_legislation:C2025C00185:section:962v
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 962V
Character Range: 4036542–4037513

962V  When consent ceases to have effect
 (1) A consent given in relation to an ongoing fee arrangement for the purposes of this Subdivision ceases to have effect:
 (a) unless paragraph (b) or (c) applies—at the end of the period of 150 days after the anniversary of the day on which the ongoing fee arrangement was entered into; or
 (b) if the ongoing fee arrangement is terminated—at the time the ongoing fee arrangement terminates; or
 (c) if a new consent is given in relation to the ongoing fee arrangement for the purposes of this Subdivision—at the time that new consent is given.
 (2) If:
 (a) a consent given in relation to an ongoing fee arrangement for the purposes of this Subdivision ceases to have effect under subsection (1); and
 (b) a fee recipient gave a copy of the consent to an account provider under paragraph 962S(3)(c);
the fee recipient must give written notice of the cessation to the account provider within 10 business days of the cessation.