sec.51Client entitled to full refund

### sec.51 Client entitled to full refund If a client gives an introduction agent a notice under section 50 , the introduction agent must refund to the client the whole of the 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) do not apply if, under section 53 — the introduction agent and the client agree in writing on the amount to be refunded to the client; and the agent refunds the amount to the client. (sec.51-ssec.1) If a client gives an introduction agent a notice under section 50 , the introduction agent must refund to the client the whole of the amount that has been paid under the agreement within 21 days after receiving the notice. Maximum penalty—200 penalty units. (sec.51-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.51-ssec.3) Subsections (1) and (2) do not apply if, under section 53 — the introduction agent and the client agree in writing on the 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 the amount to be refunded to the client; and - (b) the agent refunds the amount to the client.