sec.40Purpose of market research must be disclosed

### sec.40 Purpose of market research must be disclosed This section applies if an introduction agent collects information to enable the compilation of a list of persons who may become clients of the agent. The agent, an employee of the agent or an entity collecting the information for the agent must, before seeking the information, tell the person from whom the information is sought— the reason the information is being sought; and that the information is being sought for an introduction agent. Maximum penalty—200 penalty units. The agent must ensure, to the maximum extent practicable, that an employee or an entity collecting the information, and any person acting on the entity’s behalf— tells the person from whom information is sought the reason the information is being sought; and does so before seeking the information. Maximum penalty—200 penalty units. (sec.40-ssec.1) This section applies if an introduction agent collects information to enable the compilation of a list of persons who may become clients of the agent. (sec.40-ssec.2) The agent, an employee of the agent or an entity collecting the information for the agent must, before seeking the information, tell the person from whom the information is sought— the reason the information is being sought; and that the information is being sought for an introduction agent. Maximum penalty—200 penalty units. (sec.40-ssec.3) The agent must ensure, to the maximum extent practicable, that an employee or an entity collecting the information, and any person acting on the entity’s behalf— tells the person from whom information is sought the reason the information is being sought; and does so before seeking the information. Maximum penalty—200 penalty units. - (a) the reason the information is being sought; and - (b) that the information is being sought for an introduction agent. - (a) tells the person from whom information is sought the reason the information is being sought; and - (b) does so before seeking the information.