THE CORPORATIONS LAW
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 7 - SECURITIES
PART 7.3 - PARTICIPANTS IN THE SECURITIES INDUSTRY
Division 2 - Agreements with unlicensed persons
Subdivision B - Effect on agreements
SECTION 801 AGREEMENT UNENFORCEABLE AGAINST CLIENT 801(1) [Application of section] This section: (a) applies while both of the following are the case:(i) the client is entitled to give a notice under section 798;
(ii) a notice so given will result under section 799 in rescission of the agreement; and(b) applies after the agreement is rescinded under section 799; but does not otherwise apply. 801(2) [Agreement unenforceable] The non-licensee is not entitled, as against the client: (a) to enforce the agreement, whether directly or indirectly; or (b) to rely on the agreement, whether directly or indirectly and whether by way of defence or otherwise.
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