RG 246 Conflicted and other banned remuneration
Issued 7 December 2017
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 2001.
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, from 1 January 2018, to certain benefits given in relation to life risk insurance products.