Commonwealth Consolidated Regulations

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NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 28VL

Circumstances in which a credit provider must not give conflicted remuneration

  (1)   This regulation is made for the purposes of subsections   158NE(1) and (2) of the Act.

  (2)   A credit provider must not give conflicted remuneration to a licensee, or a representative of the licensee (other than a credit representative), if it would be a contravention of subsection   158NB(1) of the Act for the licensee or representative to accept the conflicted remuneration.

  (3)   A credit provider must not give conflicted remuneration to a credit representative of a licensee if it would be a contravention of subsection   158NC(1) of the Act for the credit representative to accept the conflicted remuneration.


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