THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.4 - CONDUCT OF SECURITIES BUSINESS

Division 3 - Recommendations about securities

SECTION 853   QUALIFIED PRIVILEGE FOR ADVISER WHEN COMPLYING WITH THIS DIVISION  

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853    A securities adviser who:

(a)  makes a securities recommendation in relation to securities to a person who may reasonably be expected to rely on it; and

(b)  in so making the recommendation, contravenes neither of subsections 849(2) and 851(1);

has qualified privilege in respect of a statement the securities adviser makes to the person, whether orally or in writing, in the course of, or in connection with, so making the recommendation.

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