Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation is made for the purposes of subsection 158NC(1) of the Act.
(2) A credit representative of a licensee must not accept conflicted remuneration if the conflicted remuneration relates to:
(a) credit assistance provided to a consumer in relation to a credit contract by the credit representative acting within the scope of the credit representative's actual or apparent authority from the licensee; or
(b) whether or how the credit representative acts as an intermediary between a credit provider and consumer in relation to a credit contract while acting within the scope of the credit representative's actual or apparent authority from the licensee.