Obligation to disclose costs and other matters to clients
36 Obligation to disclose costs and other matters to clients
A licensee must disclose to a client in accordance with this Division the basis of the costs for conveyancing work to be carried out for the client by the licensee and any conflict or beneficial interest of a kind required to be disclosed by the regulations.
Maximum penalty—200 penalty units in the case of a corporation or 100 penalty units in any other case.
The following matters are to be disclosed to the client—
the amount of the costs, if known,
if the amount of the costs is not known, the basis of calculating the costs,
the billing arrangements,
the client’s rights under Part 4 in relation to the hearing of disputes about the fees by the Tribunal,
any conflict or beneficial interest of a kind required to be disclosed by the regulations,
any other matter required to be disclosed by the regulations.
This provision refers to the regulations (the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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