CTHRepealedAct
Securities Industry Act 1980
60CDefence
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##### 60C Defence
It is a defence to a prosecution for a contravention of section 60A or 60B constituted by an act done by a person as a representative of another person if it is proved that:
(a) but for the revocation of, or the making under section 62D or a provision of a law of a participating State or participating Territory that corresponds with that section of an order relating to, a licence or recognised licence held by the other person, the act would not have been such a contravention;
(b) when he or she did the act, the first‑mentioned person:
(i) believed in good faith that the other person held the licence or recognised licence; and
(ii) was unaware of the revocation or order; and
(c) in all the circumstances it was reasonable for the first‑ mentioned person so to believe and to be unaware of the revocation or order.