National Consumer Credit Protection Act 2009
View history note
Hide history noteA mortgage intermediary must not give a licensee conflicted remuneration in circumstances prescribed by the regulations if the licensee is:
(a) a mortgage broker; or
(b) a mortgage intermediary.
Civil penalty: 5,000 penalty units.
158NF(2)
A mortgage intermediary must not give a representative of a licensee conflicted remuneration in circumstances prescribed by the regulations if the licensee or the representative is:
(a) a mortgage broker; or
(b) a mortgage intermediary.
Civil penalty: 5,000 penalty units.
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