Financial Sector Reform (Hayne Royal Commission Response No. 2) Act 2021 (19 of 2021)
Schedule 1 Ongoing fee arrangements
Part 1 Main amendments
Corporations Act 2001
10 At the end of section 962G
Add:
Meaning of anniversary day
(3) Anniversary day , for an ongoing fee arrangement, means the anniversary of the day on which the arrangement was entered into.
Note: Section 1673C provides a modified meaning of anniversary day in relation to ongoing fee arrangements in force before 1 July 2021.
Civil penalty
(4) A person contravenes this subsection if the person contravenes subsection (1).
Note: This subsection is a civil penalty provision (see section 1317E).
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