CTHRepealedAct
Securities Industry Act 1980
62REffect of order under section 62Q or corresponding law
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##### 62R Effect of order under section 62Q or corresponding law
(1) The Commission shall not grant a dealers licence or an investment advisers licence to a person whom an order disqualifies from holding a dealers licence or an investment advisers licence, as the case may be, under this Part or the provisions of a law of a participating State or participating Territory that correspond with this Part.
(2) A person shall not contravene an order that prohibits the person from doing an act as:
(a) a representative of a dealer;
(b) a representative of an investment adviser; or
(c) a representative of a dealer or of an investment adviser;
whichever the order specifies.
Penalty: $2,500 or imprisonment for 6 months, or both.
(3) In this section:
> order means:
(a) an order in force under section 62Q or a provision of a law of a participating State or participating Territory that corresponds with that section; or
(b) an order as it has effect because of subsection 62S(2) or a provision of a law of a participating State or participating Territory that corresponds with that subsection.