Section 981G — Corporations Act 2001 (Cth)

Account provider not liable merely because of licensee’s contravention

Nothing in this Subdivision, or in regulations made for the purposes of this Subdivision, makes the body (not being the licensee) that the account is with under paragraph 981B(1)(a) subject to any liability merely because of a failure by the licensee to comply with any of the provisions of this Subdivision or those regulations.

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 981D — Money related to derivatives may be used for general margining etc. purposes
s 981E — Protection of money from attachment etc.
s 981F — Regulations may deal with how money to be dealt with if licensee ceases to be licensed etc.
s 981H — Money to which Subdivision applies taken to be held in trust
s 981J — Client money reporting rules
s 981K — Matters that may be dealt with in client money reporting rules

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