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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES    View history reference

Division 4 - Australian financial services licences    View history reference

Subdivision C - When a licence can be varied, suspended or cancelled    View history reference

SECTION 915F  DATE OF EFFECT AND PUBLICATION OF CANCELLATION OR SUSPENSION  

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915F(1)  [Date of effect]  


A variation, suspension, revocation of a suspension, or cancellation, of an Australian financial services licence takes effect when the written notice of that action is given to the licensee.

915F(2)  [Publication]  


As soon as practicable after the notice is given to the licensee, ASIC must:


(a) publish a notice of the action in the Gazette; and


(b) if the licensee is a participant in a licensed market or a licensed CS facility - give written notice of the action to the operator of the market or facility.

A notice under this subsection must state when the action took effect.


 



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