Meaning of conflicted remuneration—general
(1) Conflicted remuneration means any benefit, whether monetary or non‑monetary, given to a financial services licensee, or a representative of a financial services licensee, who provides financial product advice to persons as retail clients that: (a) because of the nature of the benefit or the circumstances in which it is given: (i) could reasonably be expected to influence the choice of financial product recommended by the licensee or representative to retail clients; or (ii) could reasonably be expected to influence the financial product advice given to retail clients by the licensee or representative; and (b) is not given to the licensee or representative by a person who is a retail client in relation to a financial product or financial service provided by the licensee or representative to the client. (2) For the purposes of this Subdivision, a reference to giving a benefit includes a reference to causing or authorising the benefit to be given.
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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