Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 780


(1) A person must not:

carry on a securities business; or

hold out that the person carries on a securities business;

unless the person holds a dealers licence or is an exempt dealer.

(2) A dealers licence may authorise a person to do either or both of the following:

to carry on a securities business;

to operate:

a managed investment scheme; or
managed investment schemes of a particular kind.
Note: Only public companies that hold a dealers licence can be responsible entities for registered managed investment schemes (see section 601FA).

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback