Prohibition on holding out
A person must not hold out: (a) that the person has an Australian financial services licence; or (b) that a financial service provided by the person or by someone else is exempt from the requirement to hold an Australian financial services licence; or (c) that, in providing a financial service, the person acts on behalf of another person; or (d) that conduct, or proposed conduct, of the person is within authority (within the meaning of Division 6) in relation to a particular financial services licensee; if that is not the case. Note: Failure to comply with this section is an offence (see subsection 1311(1)).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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