(1) A written consent given in relation to an ongoing fee arrangement complies with the requirements in this section if:
(a) before obtaining the consent, the fee recipient disclosed to the client, in writing, the matters set out in subsection (2); and
(b) the consent is for:
(i) the ongoing fee arrangement to be entered into, or renewed (as the case requires); and
(ii) the ongoing fees disclosed as required under paragraph (2)(e) to be charged to the client; and
(c) the consent is signed by the client; and
(d) the consent is dated; and
(e) the fee recipient has the consent or a copy of the consent.
(2) The matters that must be disclosed are as follows:
(a) the name and contact details of the person who is the fee recipient under the ongoing fee arrangement;
(b) an explanation of why the fee recipient is seeking the consent;
(c) the maximum period until the consent will cease to have effect under section 962H;
(d) information about the services that the client will be entitled to receive under the arrangement during that period;
(e) for each ongoing fee that the client will be required to pay under the arrangement during that period:
(i) the amount of the fee; or
(ii) if the amount of the fee cannot be determined at the time of disclosure, a reasonable estimate of the amount of the ongoing fee and an explanation of the method used to work out the estimate;
(f) the frequency of the ongoing fees during that period;
(g) a statement that the ongoing fee arrangement can be terminated by the client at any time;
(h) a statement that the arrangement will terminate, and no further advice will be provided or fee charged under it, if the consent is not given;
(i) the date on which the arrangement will terminate if the consent is not given;
(j) information about any other matters prescribed by the regulations.