Document ID: chunk:federal_register_of_legislation:C2025C00185:section:961p
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 961P
Character Range: 4018147–4018911

961P  Meaning of responsible licensee
  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