When a financial services business is taken to be carried on in this jurisdiction
(1) A financial services business is taken to be carried on in this jurisdiction by a person if, in the course of the person carrying on the business, the person engages in conduct that is: (a) intended to induce people in this jurisdiction to use the financial services the person provides; or (b) is likely to have that effect; whether or not the conduct is intended, or likely, to have that effect in other places as well. (2) This section does not limit the circumstances in which a financial services business is carried on in this jurisdiction.
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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