Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_911c
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 911C
Character Range: 285739–286518

911C  Prohibition on holding out

  A person must not hold out:
 (a) that the person has an Australian financial services licence; or
 (b) that a financial service provided by the person or by someone else is exempt from the requirement to hold an Australian financial services licence; or
 (c) that, in providing a financial service, the person acts on behalf of another person; or
 (d) that conduct, or proposed conduct, of the person is within authority (within the meaning of Division 6) in relation to a particular financial services licensee; or
 (e) that a body is a declared professional body; or
 (f) that a person is a member of a declared professional body;
if that is not the case.

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