CORPORATIONS ACT 2001 - SECT 911C Prohibition on holding out

CORPORATIONS ACT 2001 - SECT 911C

    A person must not hold out:

  (a)   that the person has an Australian financial services licence; or

  (b)   that a financial service provided by the person or by someone else is exempt from the requirement to hold an Australian financial services licence; or

  (c)   that, in providing a financial service, the person acts on behalf of another person; or

  (d)   that conduct, or proposed conduct, of the person is within authority (within the meaning of Division   6) in relation to a particular financial services licensee;

if that is not the case.

Note:   Failure to comply with this section is an offence (see subsection   1311(1)).