Section 961K — Corporations Act 2001 (Cth)

(1) A financial services licensee contravenes this section if the licensee contravenes section 961B, 961G, 961H or 961J.

Note: This subsection is a civil penalty provision (see section 1317E).

(2) A financial services licensee contravenes this section if:

(a) a representative, other than an authorised representative, of the licensee contravenes section 961B, 961G, 961H or 961J; and

(b) the licensee is the, or a, responsible licensee in relation to that contravention.

Note: This subsection is a civil penalty provision (see section 1317E).

Related sections

• s 961G — Resulting advice must be appropriate to the client
• s 961H — Resulting advice still based on incomplete or inaccurate information
• s 961J — Conflict between client’s interests and those of provider, licensee, authorised representative or associates
• s 961L — Licensees must ensure compliance
• s 961M — Civil action for loss or damage
• s 961N — Additional powers of Court to make orders

Research how courts apply s 961K

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