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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.8 - OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE    View history reference

Division 2 - Dealing with clients' money    View history reference

Subdivision A - Money other than loans    View history reference

SECTION 981F  

981F  REGULATIONS MAY DEAL WITH HOW MONEY TO BE DEALT WITH IF LICENSEE CEASES TO BE LICENSED ETC.  

 View history reference
The regulations may include provisions dealing with how money in an account maintained for the purposes of section 981B, or an investment of such money, is to be dealt with if:


(a) the licensee ceases to be a financial services licensee; or


(b) the licensee becomes insolvent, within the meaning of the regulations; or


(c) the licensee merges with another financial services licensee; or


(d) the licensee ceases to carry on some or all of the activities authorised by their licence.


 



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