Document ID: chunk:federal_register_of_legislation:C2025C00044:section:12
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 12
Character Range: 138221–138839

12  Owner‑managed branches of ADIs
 (1) For the purposes of this Act, if a person is a party to an exclusive arrangement with an ADI to offer designated services advertised or promoted under a single brand, trade mark or business name, the person is an owner‑managed branch of the ADI.
 (2) For the purposes of this Act, if an owner‑managed branch of an ADI proposes to provide, commences to provide, or provides, such a designated service, the designated service is taken to have been proposed to be provided, to have been commenced to have been provided, or to have been provided, as the case requires, by the ADI.