Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A consent given in relation to an ongoing fee arrangement for the purposes of this Subdivision ceases to have effect:
(a) unless paragraph (b) or (c) applies--at the end of the period of 150 days after the anniversary of the day on which the ongoing fee arrangement was entered into; or
(b) if the ongoing fee arrangement is terminated--at the time the ongoing fee arrangement terminates; or
(c) if a new consent is given in relation to the ongoing fee arrangement for the purposes of this Subdivision--at the time that new consent is given.
(2) If:
(a) a consent given in relation to an ongoing fee arrangement for the purposes of this Subdivision ceases to have effect under subsection (1); and
(b) a fee recipient gave a copy of the consent to an account provider under paragraph 962S(3)(c);
the fee recipient must give written notice of the cessation to the account provider within 10 business days of the cessation.