New South Wales Consolidated Acts

BUSINESS NAMES ACT 2002 - SECT 25

25 Invitations to the public to make deposits or loans

(1) A person must not, in or in connection with an invitation to the public to lend or deposit money, use or refer to:

(a) a registered business name, or

(b) a business name that, if business were carried on in New South Wales under that name, would be required to be registered.

Maximum penalty: 20 penalty units.

(2) This section does not apply to:

(a) an invitation to the public that is made in accordance with the Corporations Act 2001 of the Commonwealth, or

(b) an invitation made to a person whose ordinary business is to lend money.