Document ID: chunk:federal_register_of_legislation:C2025C00185:section:916c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 916C
Character Range: 3734437–3735271

916C  Authorised representative of 2 or more licensees
 (1) One person can be the authorised representative of 2 or more financial services licensees, but only if:
 (a) each of those licensees has consented to the person also being the authorised representative of each of the other licensees; or
 (b) each of those licensees is a related body corporate of each of the other licensees; or
 (c) the only financial services provided by the person as authorised representative of any financial services licensee are claims handling and settling services.
 (2) A purported authorisation given in breach of this requirement is void.
 (3) A person must not give a purported authorisation if that purported authorisation is in breach of this requirement.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).