diff --git a/rest_framework/mixins.py b/rest_framework/mixins.py
index 61ac225ba..ce6331127 100644
--- a/rest_framework/mixins.py
+++ b/rest_framework/mixins.py
@@ -9,6 +9,7 @@ from __future__ import unicode_literals
 from django.http import Http404
 from rest_framework import status
 from rest_framework.response import Response
+from rest_framework.request import clone_request
 
 
 class CreateModelMixin(object):
@@ -90,6 +91,10 @@ class UpdateModelMixin(object):
         try:
             self.object = self.get_object()
         except Http404:
+            # If this is a PUT-as-create operation, we need to ensure that
+            # we have relevant permissions, as if this was a POST request.
+            if not self.has_permission(clone_request(request, 'POST')):
+                self.permission_denied(self.request)
             created = True
             success_status_code = status.HTTP_201_CREATED
         else:
diff --git a/rest_framework/tests/permissions.py b/rest_framework/tests/permissions.py
index c04d21102..a7777b577 100644
--- a/rest_framework/tests/permissions.py
+++ b/rest_framework/tests/permissions.py
@@ -44,9 +44,14 @@ class ModelPermissionsIntegrationTests(TestCase):
             Permission.objects.get(codename='change_basicmodel'),
             Permission.objects.get(codename='delete_basicmodel')
         ]
+        user = User.objects.create_user('updateonly', 'updateonly@example.com', 'password')
+        user.user_permissions = [
+            Permission.objects.get(codename='change_basicmodel'),
+        ]
 
         self.permitted_credentials = basic_auth_header('permitted', 'password')
         self.disallowed_credentials = basic_auth_header('disallowed', 'password')
+        self.updateonly_credentials = basic_auth_header('updateonly', 'password')
 
         BasicModel(text='foo').save()
 
@@ -87,3 +92,18 @@ class ModelPermissionsIntegrationTests(TestCase):
         request = factory.delete('/1', HTTP_AUTHORIZATION=self.disallowed_credentials)
         response = instance_view(request, pk=1)
         self.assertEquals(response.status_code, status.HTTP_403_FORBIDDEN)
+
+    def test_has_put_as_create_permissions(self):
+        # User only has update permissions - should be able to update an entity.
+        request = factory.put('/1', json.dumps({'text': 'foobar'}),
+                              content_type='application/json',
+                              HTTP_AUTHORIZATION=self.updateonly_credentials)
+        response = instance_view(request, pk='1')
+        self.assertEquals(response.status_code, status.HTTP_200_OK)
+
+        # But if PUTing to a new entity, permission should be denied.
+        request = factory.put('/2', json.dumps({'text': 'foobar'}),
+                              content_type='application/json',
+                              HTTP_AUTHORIZATION=self.updateonly_credentials)
+        response = instance_view(request, pk='2')
+        self.assertEquals(response.status_code, status.HTTP_403_FORBIDDEN)