Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 2 - Requirement to be licensed or authorised  

SECTION 911D   WHEN A FINANCIAL SERVICES BUSINESS IS TAKEN TO BE CARRIED ON IN THIS JURISDICTION  

911D(1)   [ Definition]  

For the purposes of this Chapter, a financial services business is taken to be carried on in this jurisdiction by a person if, in the course of the person carrying on the business, the person engages in conduct that is:


(a) intended to induce people in this jurisdiction to use the financial services the person provides; or


(b) is likely to have that effect;

whether or not the conduct is intended, or likely, to have that effect in other places as well.

911D(2)   [ No limitation]  

This section does not limit the circumstances in which a financial services business is carried on in this jurisdiction for the purposes of this Chapter.


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