Civil penalty provision—sections 961B, 961G, 961H and 961J
(1) An authorised representative of a financial services licensee contravenes this section if the authorised representative contravenes section 961B, 961G, 961H or 961J. Note: This subsection is a civil penalty provision (see section 1317E). (2) Subsection (1) does not apply if: (a) the licensee had provided the authorised representative with information or instructions about the requirements to be complied with in relation to the giving of personal advice; and (b) the authorised representative’s failure to comply with section 961B, 961G, 961H or 961J occurred because the representative was acting in reliance on that information or those instructions; and (c) the representative’s reliance on that information or those instructions was reasonable.
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.
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