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 noteConflicted remuneration means any benefit, whether monetary or non-monetary, given to a financial services licensee, or a representative of a financial services licensee, who provides financial product advice to persons as retail clients that: (a) because of the nature of the benefit or the circumstances in which it is given:
(i) could reasonably be expected to influence the choice of financial product recommended by the licensee or representative to retail clients; or
(b) is not given to the licensee or representative by a person who is a retail client in relation to a financial product or financial service provided by the licensee or representative to the client.
(ii) could reasonably be expected to influence the financial product advice given to retail clients by the licensee or representative; and
963A(2)
For the purposes of this Subdivision, a reference to giving a benefit includes a reference to causing or authorising the benefit to be given.
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