RG 246 Conflicted and other banned remuneration
Issued 10 December 2020
This guide is for Australian financial services (AFS) licensees and their representatives and other entities that must comply with the conflicted and other banned remuneration provisions in Divs 4 and 5 of Pt 7.7A of the Corporations Act.
It sets out our guidance on complying with these provisions and how we will administer them.
The provisions apply to financial product advice given to retail clients and certain benefits given in relation to life risk insurance products.