Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW
- SECT 816
Holder of authority may be required to return it
- (1)
- Where a person holds a
proper authority from a licensee but is neither employed by, nor authorised to
act for or by arrangement with, the licensee, the licensee may, by writing
given to the person, require the person to give the proper authority to the
licensee within a specified period of not less than 2 business
days.
- (2)
- Where a person holds an
invalid securities authority from another person, the other person may, by
writing given to the first-mentioned person, require the first-mentioned
person to give the invalid securities authority to the other person within a
specified period of not less than 2 business
days.
- (3)
- A person shall not,
without reasonable excuse, refuse or fail to comply with a requirement made of
the person in accordance with subsection (1) or (2).
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