Section 911C — Corporations Act 2001: Prohibition on holding out

A person must not hold out: (a) that the person has an Australian financial services licence; or (b) that a financial service provided by the person or by someone else is exempt from the requirement to hold an Australian financial services licence; or (c) that, in providing a financial service, the person acts on behalf of another person; or (d) that conduct, or proposed conduct, of the person is within authority (within the meaning of Division 6) in relation to a particular financial services licensee; if that is not the case. Note: Failure to comply with this section is an offence (see subsection 1311(1)).