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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 7.3.14
Exemption from licensing etc — Australian ADIs
- (1)
- Sections 780 and 842 and Parts 7.5, 7.6 and 7.7 of the Act do not have
effect in relation to an Australian ADI only because, in relation to the
carrying on of the business of banking, the Australian ADI:
- (a)
- deals in
securities issued, or proposed to be issued, by a government, a local
government authority or a public authority; or
- (b)
- accepts appointment as, or acts as, banker in respect of an issue of
securities.
- (2)
- Section 806 and Part 7.7 of the Act do not have effect in relation to any
act done by a person who is employed by an Australian ADI that deals in
securities only in connection with the business of banking if the act is an
act done on behalf of the Australian ADI in relation to:
- (a)
- a dealing by
the Australian ADI in securities issued or proposed to be issued by a
government, local government authority or public authority; or
- (b)
- the appointment of the Australian ADI as a banker in respect of an issue
of securities.
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