A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES    View history reference

Division 2 - Regulation of CS facility licensees    View history reference

Subdivision B - The facility's operating rules and procedures    View history reference

SECTION 822C  ENFORCEMENT OF OPERATING RULES  

 View history reference

822C(1)  [Enforcement of operating rules]  


If a person who is under an obligation to comply with or enforce any of a licensed CS facility's operating rules fails to meet that obligation, an application to the Court may be made by:


(a) ASIC; or


(b) the licensee; or


(c) the operator of a financial market with which the facility has arrangements to provide services for transactions effected through the market; or


(d) a person aggrieved by the failure.

822C(2)  [Court order for compliance or enforcement]  


After giving an opportunity to be heard to the applicant and the person against whom the order is sought, the Court may make an order giving directions to:


(a) the person against whom the order is sought; or


(b) if that person is a body corporate - the directors of the body corporate;

about compliance with, or enforcement of, the operating rules.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page