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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.10 - MARKET MISCONDUCT AND OTHER PROHIBITED CONDUCT RELATING TO FINANCIAL PRODUCTS AND FINANCIAL SERVICES    View history reference

Division 2 - The prohibited conduct (other than insider trading prohibitions)    View history reference

SECTION 1041G  DISHONEST CONDUCT  

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1041G(1)  [Dishonest conduct]  


A person must not, in the course of carrying on a financial services business in this jurisdiction, engage in dishonest conduct in relation to a financial product or financial service.

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

Note 2: Failure to comply with this subsection may also lead to civil liability under section 1041I.

1041G(2)  [Meaning of ``dishonest'']  


In this section:

dishonest means:


(a) dishonest according to the standards of ordinary people; and


(b) known by the person to be dishonest according to the standards of ordinary people.


 



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