Section 1673F — Corporations Act 2001 (Cth)

(1) Subdivision C of Division 3 of Part 7.7A, as inserted by the amending Schedule, applies in relation to the ongoing fee arrangement on and from 1 July 2022.

(2) However, if a person gives a fee recipient in relation to the ongoing fee arrangement consent for the purposes of that Subdivision before 1 July 2022:

(a) section 962U (variation or withdrawal of consent) in that Subdivision applies in relation to the consent from when it is given; and

(b) section 962X (obligation to keep records of compliance), as inserted by the amending Schedule, applies in relation to records relating to the consent.

(3) Section 1350 does not apply in relation to the operation of Subdivision C of Division 3 of Part 7.7A, as inserted by the amending Schedule, in respect of the ongoing fee arrangement.

Related sections

• s 1673C — Application—annual requirement to give fee disclosure statement
• s 1673D — Transitional—existing obligation to give a fee disclosure statement under section 962G
• s 1673E — Transitional—existing obligation to give a renewal notice and fee disclosure statement under section 962K
• s 1673G — Application—compliance records
• s 1674 — Application of disclosure of lack of independence reforms
• s 1674A — Obligation to give updated Financial Services Guide

Research how courts apply s 1673F

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.