CTHRepealedAct
Securities Industry Act 1980
59HNon‑licensee not entitled to recover commission
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##### 59H Non‑licensee not entitled to recover commission
(1) Without limiting the generality of section 59G, this section:
(a) applies while the client is entitled to give a notice under section 59C; and
(b) applies after the client so gives a notice, even if the notice does not result under section 59D in rescission of the agreement;
but does not otherwise apply.
(2) The non‑licensee is not entitled to recover by any means (including, for example, set‑off or a claim on a quantum meruit) any brokerage, commission or other fee for which the client would, but for this section, have been liable to the non‑licensee under or in connection with the agreement.