Financial Markets Conduct Act 2013

436 Limits on permitted indemnities

(1)

If a DIMS licensee has any rights to be indemnified by an investor for liabilities incurred in relation to the performance of the service, those rights—

(a)

must be set out in the client agreement; and

(b)

must be available only in relation to the proper performance of the duties under sections 433(1) and 435.

(2)

No other agreement has any effect to the extent that it purports to confer a right of a kind set out in subsection (1).

Compare: Corporations Act 2001 s 601GA(2) (Aust)