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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 9 - Enforcement    View history reference

SECTION 993C  OFFENCE OF FAILING TO COMPLY WITH REQUIREMENTS RELATING TO CLIENT MONEY ACCOUNT  

 View history reference

993C(1)  Strict liability offence.  


A financial services licensee commits an offence if the licensee contravenes a requirement in regulations made for the purposes of section 981C.

993C(2)  [Strict liability offence]  


An offence based on subsection (1) is an offence of strict liability.

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

993C(3)  Ordinary offence.  


A financial services licensee commits an offence if:


(a) a requirement in regulations made for the purposes of section 981C applies to the licensee; and


(b) the licensee contravenes the requirement.


 



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