Section 961P — Corporations Act 2001 (Cth)

The, or a, responsible licensee, in relation to a contravention of a provision of this Part, is:

(a) if the person who contravenes the provision is a representative of only one financial services licensee—that financial services licensee; or

(b) if the person who contravenes the provision is a representative of more than one financial services licensee:

(i) if, under the rules in section 917C, one of those licensees is responsible for the person’s conduct—that licensee; or

(ii) if, under the rules in section 917C, 2 or more of those licensees are jointly and severally responsible for the person’s conduct—each of those licensees.

Related sections

• s 961L — Licensees must ensure compliance
• s 961M — Civil action for loss or damage
• s 961N — Additional powers of Court to make orders
• s 961Q — Civil penalty provision—sections 961B, 961G, 961H and 961J
• s 962 — Application of this Division
• s 962A — Meaning of ongoing fee arrangement

Research how courts apply s 961P

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