Financial Intermediaries Act 1996
sec.230Commissions
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sec.230 Commissions
An officer of a society must not accept a commission, fee or reward, whether monetary or otherwise, from a person for or about that person’s transaction with the society. Maximum penalty—80 penalty units. An officer of a society who commits an offence against subsection (1) is indebted to the society for double the value or amount of the commission, fee or reward. (sec.230-ssec.1) An officer of a society must not accept a commission, fee or reward, whether monetary or otherwise, from a person for or about that person’s transaction with the society. Maximum penalty—80 penalty units. (sec.230-ssec.2) An officer of a society who commits an offence against subsection (1) is indebted to the society for double the value or amount of the commission, fee or reward.