Document ID: chunk:federal_register_of_legislation:C2013C00529:clause:1_961p
Version: federal_register_of_legislation:C2013C00529
Segment Type: clause
Provision Reference: sch 1 cl 961P
Character Range: 21617–22401

961P  Responsible licensee
  For the purposes of this Part, the, or a, responsible licensee, in relation to a contravention of a provision of this Part, is:
 (a) if the person who contravenes the provision is a representative of only one financial services licensee—that financial services licensee; or
 (b) if the person who contravenes the provision is a representative of more than one financial services licensee:
 (i) if, under the rules in section 917C, one of those licensees is responsible for the person's conduct—that licensee; or
 (ii) if, under the rules in section 917C, 2 or more of those licensees are jointly and severally responsible for the person's conduct—each of those licensees.

Subdivision G—Responsibilities of authorised representatives under this Division