Section 962X — Corporations Act 2001 (Cth)

Obligation to keep records of compliance

(1) A fee recipient in relation to an ongoing fee arrangement must keep records sufficient to enable the fee recipient’s compliance with this Division in relation to the ongoing fee arrangement to be readily ascertained.

Note 1: Failure to comply with this subsection is an offence: see subsection 1311(1).

Note 2: For preservation of records, see section 1101C.

(2) The regulations may specify records that the fee recipient must keep as part of the obligation in subsection (1).

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 962V — When consent ceases to have effect
s 962W — Conditions requiring consent to be given are void
s 962WA — Ongoing fee arrangement terminates if fee deducted without consent
s 962Y — Form for consents
s 962YA — Combining information in a single notice or form
s 962Z — Civil penalty provision—charging ongoing fees after arrangement terminated

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