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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 7.4.06
Dealings by employees of holders of licences
Subsection 845 (3) of the Act does not have effect in relation to:
- (a)
- a
bank; or
- (b)
- a body corporate that gives credit in good faith to a person (not being a
director of the body corporate) employed by the body corporate, or by another
body corporate that is related to the first body corporate, to enable the
person to purchase fully paid shares in the body corporate to be held in
beneficial ownership by the person.
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