CTHRepealedAct
Securities Industry Act 1980
60BRepresentatives of investment advisers
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##### 60B Representatives of investment advisers
A natural person shall not do an act as a representative of an investment adviser (other than an exempt investment adviser) unless:
(a) the investment adviser:
(i) is also a dealer and either holds a dealers licence or is a recognised dealer; or
(ii) holds an investment advisers licence or is a recognised investment adviser; and
(b) the person holds a proper authority from the investment adviser.
Penalty: $2,500 or imprisonment for 6 months, or both.