Document ID: chunk:federal_register_of_legislation:C2013C00529:clause:1_963e
Version: federal_register_of_legislation:C2013C00529
Segment Type: clause
Provision Reference: sch 1 cl 963E
Character Range: 29909–30453

963E  Licensee must not accept conflicted remuneration
 (1) A financial services licensee must not accept conflicted remuneration.
Note: This subsection is a civil penalty provision (see section 1317E).
 (2) A financial services licensee contravenes this section if:
 (a) a representative, other than an authorised representative, of the licensee accepts conflicted remuneration; and
 (b) the licensee is the, or a, responsible licensee in relation to the contravention.
Note: This subsection is a civil penalty provision (see section 1317E).