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In forceAmended2020 Revised Edition

Part 4A · Prohibited Businesses

62. Prohibition against representative engaging in employment, etc., outside scope of appointment

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Amended

Last amended by an amending law of 2015.

(1)

Except with the consent of the financial adviser, an appointed representative or a provisional representative of a financial adviser must not engage in, whether or not for remuneration —

(a)

any employment with another person; or

(b)

any business, trade, profession or vocation, whether for himself or herself or another person.

(2)

The financial adviser must not give its consent to the appointed representative or provisional representative unless it is satisfied that the criteria prescribed under section 135 or specified by the Authority by written notice, for the purposes of this section have been satisfied.

(3)

Any person who contravenes this section shall be guilty of an offence.

(4)

A written notice issued under this section need not be published in the Gazette.[55C

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