Section 962C — Corporations Act 2001 (Cth)

(1) Where:

(a) a financial services licensee enters into an ongoing fee arrangement; and

(b) the rights of the licensee under the arrangement have not been assigned to another person;

the licensee is the fee recipient in relation to the arrangement.

(2) Where:

(a) a representative of a financial services licensee enters into an ongoing fee arrangement; and

(b) the rights of the representative under the arrangement have not been assigned to another person;

the representative is the fee recipient in relation to the arrangement.

(3) Where the rights of a financial services licensee, or a representative of a financial services licensee, under an ongoing fee arrangement have been assigned to another person, the person who currently holds those rights is the fee recipient in relation to the arrangement.

Related sections

• s 962 — Application of this Division
• s 962A — Meaning of ongoing fee arrangement
• s 962B — Meaning of ongoing fee
• s 962F — Ongoing fee arrangement terminates without consent
• s 962G — Requirements for consent
• s 962H — When consent ceases to have effect

Research how courts apply s 962C

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