Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 853

853. A securities adviser who:

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

   (b)  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.