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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1150
Conditions of licence: supervision of representatives
1150. Without limiting the generality of section 1147, one or more of the
following may be imposed under that section on a licence:
(a) a condition about what the licensee is to do to, by way of supervision
or otherwise, in order to prevent the licensee's representatives from
contravening: (i) a futures law; or
(ii) other conditions of the licence;
(b) a condition about what the licensee is to do to ensure that each
representative of the licensee has adequate qualifications and
experience having regard to what the representative will do on the
licensee's behalf in connection with a futures broking business or
futures advice business carried on by the licensee.
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