Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION  

Division 4 - Conflicted remuneration  

Subdivision D - Rebate of conflicted remuneration  

SECTION 963M   PERSON COVERED BY THIS SECTION IN RELATION TO CONFLICTED REMUNERATION  

963M(1)    
This section covers a person in relation to conflicted remuneration if:

(a)    the person is legally obliged (disregarding Subdivision C ) to give, on or after 1 January 2021, the conflicted remuneration to another person; and

(b)    the person is prohibited under that Subdivision from giving the conflicted remuneration to the other person, or the other person is prohibited under that Subdivision from accepting the conflicted remuneration.

963M(2)    
This section also covers a person in relation to conflicted remuneration if:

(a)    regulations made for the purposes of this subsection specify conditions in relation to the conflicted remuneration; and

(b)    those conditions are met.

963M(3)    
Despite subsections (1) and (2) , this section does not cover a person in relation to conflicted remuneration if:

(a)    regulations made for the purposes of this subsection specify conditions in relation to the conflicted remuneration; and

(b)    those conditions are met.