THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.3 - PARTICIPANTS IN THE FUTURES INDUSTRY

Division 1 - Futures brokers and futures advisers

SECTION 1150   CONDITIONS OF LICENCE: SUPERVISION OF REPRESENTATIVES  

1150    Without limiting the generality of section 1147, one or more of the following may be imposed under that section on a licence:

(a)  a condition about what the licensee is to do to, by way of supervision or otherwise, in order to prevent the licensee's representatives from contravening:

(i) a futures law; or

(ii) other conditions of the licence;

(b)  a condition about what the licensee is to do to ensure that each representative of the licensee has adequate qualifications and experience having regard to what the representative will do on the licensee's behalf in connection with a futures broking business or futures advice business carried on by the licensee.