Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 961P

Meaning of responsible licensee

    The, or a, responsible licensee , in relation to a contravention of a provision of this Part, is:

  (a)   if the person who contravenes the provision is a representative of only one financial services licensee--that financial services licensee; or

  (b)   if the person who contravenes the provision is a representative of more than one financial services licensee:

  (i)   if, under the rules in section   917C, one of those licensees is responsible for the person's conduct--that licensee; or

  (ii)   if, under the rules in section   917C, 2 or more of those licensees are jointly and severally responsible for the person's conduct--each of those licensees.



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