40AInterpretation—persons engaged by licensees

40A Interpretation—persons engaged by licensees

40A Interpretation—persons engaged by licensees

Without limiting the circumstances in which a person is to be regarded, for the purposes of this Division, as being engaged by a licensee to exercise regulatory functions in the course of the business conducted by the licensee, a person is taken to be so engaged if—

(a) the services of the person are provided to the licensee under an arrangement entered into by the licensee with another person, and

(b) the services are or include exercising regulated functions in the course of the business.

s 40A: Ins 2016 No 60, Sch 1 [9].