South Australian Consolidated Acts

BUSINESS NAMES ACT 1996 - SECT 19

19—Invitations to make deposits or loans

        (1)         A person must not, in connection with an invitation to lend or deposit money made by an advertisement or otherwise to the public or a person as a member of the public, use or refer to a business name that—

            (a)         is registered or required to be registered under this Act; or

            (b)         would, if business were carried on in this State under the business name, be required to be registered under this Act.

Maximum penalty: $5 000.

        (2)         This section does not apply—

            (a)         to an invitation by an exempt public authority within the meaning of the Corporations Act 2001 of the Commonwealth; or

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