Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 853

Qualified privilege for adviser when complying with this Division

A securities adviser who:

makes a securities recommendation in relation to securities to a person who may reasonably be expected to rely on it; and

in so making the recommendation, contravenes neither of subsections 849(2) and 851(1);

has qualified privilege in respect of a statement the securities adviser makes to the person, whether orally or in writing, in the course of, or in connection with, so making the recommendation.

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