A person must not hold out:
(a) that the person has an Australian CS facility licence; or
(b) that the operation of a clearing and settlement facility by the person in this jurisdiction is authorised by an Australian CS facility licence; or
(c) that a clearing and settlement facility is exempt from the operation of this Part;
if that is not the case.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).