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 C - Powers of the Minister, ASIC and the Reserve Bank in relation to licensees    View history reference

SECTION 823B  MINISTER'S POWER TO REQUIRE SPECIAL REPORT  

 View history reference

823B(1)  [Power to require special report]  


The Minister may give a CS facility licensee a written notice requiring the licensee to give ASIC a special report on specified matters. ASIC must give the report to the Minister.

823B(2)  [Audit report on special report]  


The notice may also require the licensee to give ASIC an audit report on the special report. The Minister must nominate to prepare the report:


(a) ASIC; or


(b) a specified person or body that is suitably qualified.

823B(3)  [Deadline]  


The licensee must give the special report, and audit report (if any), to ASIC within the time required by the notice.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).


 



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