Section 917E — Corporations Act 2001 (Cth)

Responsibility extends to loss or damage suffered by client

The responsibility of a financial services licensee under this Division extends so as to make the licensee liable to the client in respect of any loss or damage suffered by the client as a result of the representative’s conduct.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 917B — Responsibility if representative of only one licensee
s 917C — Representatives of multiple licensees
s 917D — Exception if lack of authority is disclosed to client
s 917F — Effect of Division
s 920A — ASIC’s power to make a banning order
s 920B — What a banning order prohibits

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