CTHRepealedAct
Securities Industry Act 1980
59KClient may recover commission paid to non‑licensee
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##### 59K Client may recover commission paid to non‑licensee
(1) Without limiting the generality of section 59F, if the client gives a notice under section 59C, the client may, even if the notice does not result under section 59D in rescission of the agreement, recover from the non‑licensee as a debt the amount of any brokerage, commission or other fee that the client has paid to the non‑licensee under or in connection with the agreement.
(2) The Commission may, if it considers that it is in the public interest to do so, bring an action under subsection (1) in the name of, and for the benefit of, the client.