Acts done by or in relation to agents etc. of regulated entities
58AK Acts done by or in relation to agents etc. of regulated entities
Conduct of agents etc. of a regulated entity is attributable to the regulated entity
For the purposes of the SPF provisions, section 97 of the Regulatory Powers Act (to the extent that it applies in relation to the SPF provisions) applies to a regulated entity who is not a body corporate in a corresponding way to the way that provision applies to a regulated entity who is a body corporate.
Acts done in relation to an agent of a regulated entity taken to be done in relation to the regulated entity
For the purposes of SPF provisions, if an act is done by a person in relation to another person (the agent) who:
is acting on behalf of a regulated entity; and
is so acting within the scope of the agent’s actual or apparent authority;
the act is taken to have also been done in relation to the regulated entity.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.