Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 962U

Variation or withdrawal of consent

  (1)   If a person (the account holder ) who holds an account gives consent to a fee recipient under section   962R or 962S for the purposes of this Subdivision, the account holder may:

  (a)   withdraw the consent at any time, by notice in writing to the fee recipient; and

  (b)   vary the consent at any time, by notice in writing to the fee recipient.

  (2)   If the fee recipient receives a notice from the account holder under subsection   (1), the fee recipient must within 10 business days of receipt:

  (a)   give written confirmation to the account holder that the notice was received; and

  (b)   if the fee recipient gave a copy of the account holder's consent to an account provider under paragraph   962S(3)(c)--give the account provider a copy of the notice.



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