6JSecurities business

##### 6J Securities business (1) A securities business is a business of dealing in securities. (2) Subsections (4), (5) and (6) apply for the purposes of determining: (a) whether or not a person carries on, or holds himself, herself or itself out as carrying on, a securities business; and (b) what constitutes such a business carried on by a person. (3) Subsection (6) also applies for the purposes of determining whether or not a person deals in securities. (4) An act done on behalf of the person by the holder of a dealers licence, an exempt dealer, or a recognised dealer shall be disregarded. (5) An act that the person does: (a) while employed by, or acting for or by arrangement with, a dealer; (b) as employee or agent of, or otherwise on behalf of, on account of, or for the benefit of, the dealer; and (c) in connection with a securities business carried on by the dealer; shall be disregarded. (6) An act or acts done by the person that constitutes or together constitute, for the purposes of: (a) the Futures Industry Act 1986; or (b) the provisions of a law of a participating State or participating Territory that correspond with that Act; a dealing by the person in a futures contract, shall be disregarded.