Regulatory Alerts2026-04-21 | RG-246RG 246 Conflicted and other banned remuneration
The Australian Securities and Investments Commission issued this guide to assist Australian financial services licensees and their representatives in complying with conflicted and other banned remuneration provisions. It outlines the regulator's guidance on meeting requirements under Divisions 4 and 5 of Part 7.7A of the Corporations Act and explains how these rules will be administered. The provisions specifically apply to financial product advice given to retail clients and certain benefits associated with life risk insurance products.
Issued 21 November 2024
This guide is for Australian financial services (AFS) licensees and their representatives and other entities that must comply with the conflicted and other banned remuneration provisions in Divs 4 and 5 of Pt 7.7A of the Corporations Act.
It sets out our guidance on complying with these provisions and how we will administer them.
The provisions apply to financial product advice given to retail clients and certain benefits given in relation to life risk insurance products.
Download RG 246 (PDF 921 KB)