CTHRepealedAct
Securities Industry Act 1980
6GRecognised licensee must be connected with State or Territory concerned
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##### 6G Recognised licensee must be connected with State or Territory concerned
Where a person holds a dealers licence or investment advisers licence under the provisions of a law of a participating State or participating Territory that correspond with Part IV, the person is not a recognised dealer or recognised investment adviser, as the case may be, and the licence is not a recognised licence, unless:
(a) if the person is a natural person who is not a partner in a firm—the person is ordinarily resident in that State or Territory;
(b) if the person is a natural person who is a partner in a firm—the firm’s principal place of business is in that State or Territory; or
(c) if the person is a body corporate—the body:
(i) is incorporated in that State or Territory; or
(ii) is incorporated outside Australia and the external Territories and is registered under the provisions of a law of that State or Territory that correspond with Division 5 of Part XIII of the Companies Act 1981.