Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1041g
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1041G
Character Range: 696074–696677

1041G  Dishonest conduct

 (1) A person must not, in the course of carrying on a financial services business in this jurisdiction, engage in dishonest conduct in relation to a financial product or financial service.

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

Note 2: Failure to comply with this subsection may also lead to civil liability under section 1041I.

 (2) In this section:

dishonest means:
 (a) dishonest according to the standards of ordinary people; and
 (b) known by the person to be dishonest according to the standards of ordinary people.