Conflicted Remuneration definition changes – benefits given by clients are now easier to receive

The definition of conflicted remuneration has been amended by clarifying that monetary and non-monetary benefits given by a retail client are not conflicted remuneration and removing some of the previous exceptions to conflicted remuneration. These changes came into effect on 10 July 2024.

Specifically, a benefit given by...

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Larissa Tan

Larissa is a Junior Lawyer at Sophie Grace. Larissa assists with the preparation and review of AFSL and ACL applications, and provides ongoing compliance support to a variety of businesses in the financial services industry. Her work also involves assisting clients with AUSTRAC registration and the development of tailored AML/CTF policies. Larissa also supports senior lawyers in drafting and reviewing legal documentation.

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