sec.47Client entitled to refund if agreement voidable

### sec.47 Client entitled to refund if agreement voidable If a client gives an introduction agent a notice under section 46 , the introduction agent must refund to the client any amount that has been paid under the agreement within 21 days after receiving the notice. Maximum penalty—200 penalty units. If the introduction agent does not refund the amount to the client, the client may recover the amount from the agent as a debt due to the client. Subsections (1) and (2) are subject to section 48 . Subsections (1) and (2) do not apply if, under section 53 — the introduction agent and the client agree in writing on an amount to be refunded to the client; and the agent refunds the amount to the client. (sec.47-ssec.1) If a client gives an introduction agent a notice under section 46 , the introduction agent must refund to the client any amount that has been paid under the agreement within 21 days after receiving the notice. Maximum penalty—200 penalty units. (sec.47-ssec.2) If the introduction agent does not refund the amount to the client, the client may recover the amount from the agent as a debt due to the client. (sec.47-ssec.3) Subsections (1) and (2) are subject to section 48 . (sec.47-ssec.4) Subsections (1) and (2) do not apply if, under section 53 — the introduction agent and the client agree in writing on an amount to be refunded to the client; and the agent refunds the amount to the client. - (a) the introduction agent and the client agree in writing on an amount to be refunded to the client; and - (b) the agent refunds the amount to the client.