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 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS    View history reference

Division 3 - Approved compensation arrangements    View history reference

Subdivision A - Approval of compensation arrangements    View history reference

SECTION 882D  MINISTER'S POWER TO GIVE DIRECTIONS  

 View history reference

882D(1)  [Ministerial direction]  


If the Minister considers that a market licensee's approved compensation arrangements are no longer adequate, the Minister may give the licensee a written direction to do specified things that the Minister believes will ensure that the arrangements become adequate once more.

882D(2)  [Compliance]  


The licensee must comply with the direction.

882D(3)  [Failure to comply]  


If the licensee fails to comply with the direction, ASIC may apply to the Court for, and the Court may make, an order that the licensee comply with the direction.

882D(4)  [Variation or revocation of direction]  


The Minister may vary or revoke a direction at any time by giving written notice to the licensee.


 



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