Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
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;
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;
if that is not the case.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).
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