Australia Corporations Act 2001 (Cth) s962F-962H: ss 962F to 962S Ongoing fee arrangements: obtain and renew written client consent

Where a retail client pays an ongoing fee under an ongoing fee arrangement, the fee recipient obtains the client's written, signed and dated consent after disclosing in writing the recipient's details, why consent is sought, the maximum consent period, the services, the fees and other prescribed matters, and keeps the consent; the arrangement terminates without valid consent, and a consent lapses 150 days after its reference day unless renewed in the window starting 60 days before (ss 962F to 962H). Fees are not deducted from a client's account held with another provider without the client's written consent to the deduction (s 962S).