Section 963E — Corporations Act 2001 (Cth)

Licensee must not accept conflicted remuneration

(1) A financial services licensee must not accept conflicted remuneration.

Note: This subsection is a civil penalty provision (see section 1317E).

(2) A financial services licensee contravenes this section if:

(a) a representative, other than an authorised representative, of the licensee accepts conflicted remuneration; and

(b) the licensee is the, or a, responsible licensee in relation to the contravention.

Note: This subsection is a civil penalty provision (see section 1317E).

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 963BA — Meaning of benefit ratio requirements and clawback requirements
s 963BB — Informed consent for certain insurance commissions
s 963C — Non‑monetary benefit given in certain circumstances not conflicted remuneration
s 963F — Licensee must ensure compliance
s 963G — Authorised representative must not accept conflicted remuneration
s 963H — Other representatives must not accept conflicted remuneration

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