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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.2 - LICENSING OF FINANCIAL MARKETS    View history reference

Division 2 - Requirement to be licensed    View history reference

SECTION 791A  NEED FOR A LICENCE  

 View history reference

791A(1)  [ Requirement to be licensed or exempt]  


A person must only operate, or hold out that the person operates, a financial market in this jurisdiction if:


(a) the person has an Australian market licence that authorises the person to operate the market in this jurisdiction; or


(b) the market is exempt from the operation of this Part.

Note 1: A market licensee may also provide financial services incidental to the operation of the market: see paragraph 911A(2) (d).

Note 2: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

791A(2)  [ Strict liability]  


For the purposes of an offence based on subsection (1), strict liability applies to paragraph (1)(b).

Note: For strict liability , see section 6.1 of the Criminal Code .


 



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