A licensee, its representatives and its authorised representatives who give financial product advice to retail clients do not accept conflicted remuneration (a monetary or non-monetary benefit, not given by the retail client, that could reasonably be expected to influence the product recommended or the advice), and the licensee takes reasonable steps to ensure its representatives do not (civil penalty provisions). The exceptions in ss 963B to 963D (for example certain insurance, client-paid and basic banking benefits) apply as the Act provides; grandfathering of pre-2013 arrangements ended on 1 January 2021.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.