Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_911d
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 911D
Character Range: 286518–287289

911D  When a financial services business is taken to be carried on in this jurisdiction

 (1) For the purposes of this Chapter, a financial services business is taken to be carried on in this jurisdiction by a person if, in the course of the person carrying on the business, the person engages in conduct that is:
 (a) intended to induce people in this jurisdiction to use the financial services the person provides; or
 (b) is likely to have that effect;
whether or not the conduct is intended, or likely, to have that effect in other places as well.

 (2) This section does not limit the circumstances in which a financial services business is carried on in this jurisdiction for the purposes of this Chapter.

Division 3—Obligations of financial services licensees