Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.3
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LICENSING OF CLEARING AND SETTLEMENT FACILITIES
Division 1
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Requirement to be licensed
SECTION 820B
820B
OTHER PROHIBITIONS ON HOLDING OUT
A person must not hold out: (a) that the person has an Australian CS facility licence; or (b) that the operation of a clearing and settlement facility by the person in this jurisdiction is authorised by an Australian CS facility licence; or (c) that a clearing and settlement facility is exempt from the operation of this Part; or (d) that the person is exempt from the operation of this Part;
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteA person must not hold out: (a) that the person has an Australian CS facility licence; or (b) that the operation of a clearing and settlement facility by the person in this jurisdiction is authorised by an Australian CS facility licence; or (c) that a clearing and settlement facility is exempt from the operation of this Part; or (d) that the person is exempt from the operation of this Part;
if that is not the case.
Note: Failure to comply with this section is an offence (see subsection 1311(1) ).