Supplementary Order Paper No 253 (released 23 September 2008)

Supplementary Order Paper by clause reference

New clause 34A

To insert the following clause after clause 34 (after line 9 on page 86):

34A Restriction on use of term sharebroker
  • (1) A person (A) must not use the term sharebroker in advertising or promoting A as a financial adviser or advertising or promoting a financial adviser service unless A is a member of a registered exchange.

    (2) A person who contravenes subsection (1) commits an offence (see section 114A).