Section 962H — Corporations Act 2001 (Cth)

(1) A consent given in relation to an ongoing fee arrangement for the purposes of this Subdivision ceases to have effect:

(a) unless paragraph (b) applies—at the end of the period of 150 days after the day determined under subsection (2); or

(b) if a new consent that complies with the requirements in section 962G is given in relation to the arrangement in the period that starts 60 days before the day determined under subsection (2) and ends 150 days after that day—at the time that new consent is given.

Reference date for determining renewal period and cessation of consent

(2) The day determined under this subsection for a consent (the current consent) given in relation to an ongoing fee arrangement is the earlier of:

(a) if the current consent specifies a day—that day; and

(b) the anniversary of:

(i) if the current consent is the first consent given in relation to the arrangement—the day on which the ongoing fee arrangement was entered into; or

(ii) if the current consent is not the first consent given in relation to the arrangement—the day determined under this subsection for the previous consent.

Related sections

• s 962C — Meaning of fee recipient
• s 962F — Ongoing fee arrangement terminates without consent
• s 962G — Requirements for consent
• s 962J — Client may terminate ongoing fee arrangement at any time
• s 962R — Fee recipient must not deduct ongoing fees without consent
• s 962S — Fee recipient must not arrange for deduction of ongoing fees without consent or accept such deductions

Research how courts apply s 962H

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.