Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 985L

Issue of margin lending facility must not be conditional on agreement to receive communications through agent

    A financial services licensee must not require, as a condition of issuing a margin lending facility to a retail client, that the retail client enter into an agreement of the kind referred to in subsection   985M(2) (which deals with agreements about communications in relation to margin lending facilities).

Note:   This section is a civil penalty provision (see section   1317E).


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