CORPORATIONS ACT 2001 - SECT 1021G Financial services licensee failing to ensure authorised representative gives etc. disclosure documents or statements as required
CORPORATIONS ACT 2001 - SECT 1021G
Financial services licensee failing to ensure authorised representative gives etc. disclosure documents or statements as requiredFinancial services licensee must ensure authorised representative gives etc. disclosure documents or statements as required
(1) A financial services licensee contravenes this subsection if the licensee does not take reasonable steps to ensure that an authorised representative of the licensee complies with their obligations under this Part to give or communicate disclosure documents or statements as and when required by this Part.
Fault - based offence
(2) A person commits an offence if the person contravenes subsection (1).
Civil liability
(3) A person contravenes this subsection if the person contravenes subsection (1).
Note: This subsection is a civil penalty provision (see section
1317E).