Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 93

Securities business

 
 
(1)
A securities business is a business of dealing
in securities.


(3)
Subsections (5), (6) and (7) apply for the purposes of
determining: 
 
 

(a)
whether or not a person carries on, or holds himself, herself or
itself out as carrying on, a securities business; and

(b)
what constitutes such a business carried on by a person.


 
 
(4)
Subsection (7) also applies for the
purposes of determining whether or not a person deals in securities.


(5)
An act done on behalf of the person by the holder of a dealers
licence or an exempt dealer shall be disregarded.


(6)
An act that the person does: 
 
 
 
(a)
while employed by, or acting for or by arrangement with,
a dealer;

(b)
as employee or agent of, or otherwise on behalf of, on account
of, or for the benefit of, the dealer; and

(c)
in connection with a securities business carried on by the
dealer; 

 
shall be disregarded.
 
 
(7)
An act or
acts done by the person that constitutes or together constitute a dealing by
the person in a futures contract shall be disregarded.