Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28vk
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28VK
Character Range: 251660–252382

28VK  Circumstances in which an employer must not give conflicted remuneration
 (1) This regulation is made for the purposes of subsections 158ND(1) and (2) of the Act.
 (2) An employer of a licensee must not give conflicted remuneration to the licensee, or a representative of the licensee (other than a credit representative), if it would be a contravention of section 158NB of the Act for the licensee or representative to accept the conflicted remuneration.
 (3) An employer of a credit representative of a licensee must not give conflicted remuneration to the credit representative if it would be a contravention of subsection 158NC(1) of the Act for the credit representative to accept the conflicted remuneration.