Section 961L — Corporations Act 2001 (Cth)

Licensees must ensure compliance

A financial services licensee must take reasonable steps to ensure that representatives of the licensee comply with sections 961B, 961G, 961H and 961J.

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

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 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 961K — Civil penalty provision—sections 961B, 961G, 961H and 961J
s 961M — Civil action for loss or damage
s 961N — Additional powers of Court to make orders
s 961P — Meaning of responsible licensee

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