Part 8PARTICIPANTS IN THE SECURITIES AND FUTURES INDUSTRIES

PART 8-PARTICIPANTS IN THE SECURITIES AND FUTURES INDUSTRIES Division 1—Amendments of Securities Industry Act 1980 42. Insertion of heading and new section: PART Ia—INTERPRETATION 3a. Effect of this Part 43\. Interpretation 44\. Insertion of new sections: 6a. Businesses of a particular kind 6b. Carrying on a business: alone or together with others 6c. Exempt dealers and exempt investment advisers 6d. Inclusion in official list 6e. Investment advice business 6f. Proper authority; invalid authority 6g. Recognised licensee must be connected with State or Territory concerned 6h. Representatives 6j. Securities business 45. Heading to Part IV 46. Repeal of sections 43 to 50, inclusive, and substitution of heading and new sections: Division 1—Dealers and investment advisers 43. Dealers 45. Investment advisers 47. Application for a licence 48. Grant of licence to natural person 48a. Grant of licence to body corporate 48b. Effect of certain provisions 47. Conditions of licence 48. Licensee to notify breach of licence condition 49. Register of Licence Holders 50. Repeal of sections 55 and 56 and substitution of new sections: 55. Notifying change in particulars 56. Annual statement of licensee 51. When annual statement to be lodged 52. Repeal of sections 59, 60, 61 and 62 and substitution of new Divisions: Division 2—Agreements with unlicensed persons 59a. Certain persons not clients 59b. Agreements with unlicensed persons 59c. Client may give notice of rescission 59d. Effect of notice under section 59c 59e. Client may apply to Court for partial rescission 59f. Court may make consequential orders 59g. Agreement unenforceable against client 59h. Non-licensee not entitled to recover commission 59j. Onus of establishing non-application of section 59g or 59h 59k. Client may recover commission paid to non-licensee 59l. Remedies under this Division additional to other remedies