Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteA 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.
962V(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.
962V(3)
(Repealed by No 67 of 2024, s 3, Sch 1[17] (effective 10 July 2024).)
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