s 158NB
In forceLicensee must not accept conflicted remuneration
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 3Responsible lending conduct
Part 3-2CLicensees that are credit providers under credit contracts: additional rules relating to short‑term and small amount credit contracts
Division 2Short‑term and small amount credit contracts
158NB Licensee must not accept conflicted remuneration
A licensee must not accept conflicted remuneration in circumstances prescribed by the regulations if:
(a)
the licensee is a mortgage broker; or
(b)
the licensee is a mortgage intermediary.
Civil penalty: 5,000 penalty units.
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