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 \[9\].