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  • General Exclusions

    • AU-1.3.7

      A person does not carry on an activity constituting a regulated financing company service if the activity:

      (a) Is carried on in the course of a business which does not ordinarily constitute the carrying on of financial services;
      (b) May reasonably be regarded as a necessary part of any other services provided in the course of that business; and
      (c) Is not remunerated separately from the other services.
      January 2013

    • AU-1.3.8

      A person does not carry on an activity constituting a regulated financing company service if the person is a body corporate and carries on that activity solely with or for other bodies corporate that are members of the same group.

      January 2013

    • AU-1.3.9

      A person does not carry on an activity constituting a regulated financing company service if such person carries on an activity with or for another person, and they are both members of the same family.

      January 2013

    • AU-1.3.10

      A person does not carry on an activity constituting a regulated financing company service if the sole or main purpose for which the person enters into the transaction is to limit any identifiable risks arising in the conduct of his business, providing the business conducted does not itself constitute a regulated activity.

      January 2013

    • AU-1.3.11

      A person does not carry on an activity constituting a regulated financing company service if that person is a government body charged with the management of financial instruments on behalf of a government or public body or an exempt person, as specified by Royal decree.

      January 2013