Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.67

Auditor's report in certain matters: financial services licensee who formerly held a dealer's licence

  (1)   For section   1444 of the Act, this regulation applies in relation to a financial services licensee:

  (a)   who is a regulated principal mentioned in item   1 of the table in section   1430 of the Act; and

  (b)   whose financial services licence covers regulated activities for a regulated principal of that kind.

  (2)   Section   990K of the Act applies in relation to an auditor of a financial services licensee mentioned in subregulation   (1) as if subsection   990K(2) required the auditor to give a report on any matter that, in the opinion of the auditor:

  (a)   adversely affected the ability of the licensee to meet its obligations as a securities dealer before the time that it became a financial services licensee in relation to the regulated activities mentioned in item   1 of the table in section   1430 of the Act; or

  (b)   constitutes, or may constitute, a contravention of the condition of the dealers licence held by the licensee before the time that it became a financial services licensee in relation to the regulated activities mentioned in item   1 of the table in section   1430 of the Act; or

  (c)   constitutes, or may constitute, a contravention of section   856, 866, 867, 868, 869, 870, 871, 872 or 873, or Part   7.7 of the old Corporations Act.


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