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 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES    View history reference

Division 8B - Compliance schemes    View history reference

Subdivision A - Compliance schemes to cover relevant providers    View history reference

SECTION 921G  MEANING OF COMPLIANCE SCHEME  

 View history reference

921G(1)  

A

compliance scheme is a scheme:


(a) that meets the requirements of this section; and


(b) under which compliance with the Code of Ethics by relevant providers covered by the scheme is monitored and enforced.

Monitoring body of compliance scheme

921G(2)  

A monitoring body for a compliance scheme must monitor and enforce compliance with the Code of Ethics by any relevant provider covered by the scheme.

921G(3)  

A monitoring body for a compliance scheme must not be:


(a) a financial services licensee; or


(b) an associate of a financial services licensee.

921G(4)  

A compliance scheme must name the monitoring body for the scheme.

Disputes and complaints

921G(5)  

A compliance scheme must set out how a dispute is to be resolved between the monitoring body for the scheme and a relevant provider covered by the scheme.

921G(6)  

A compliance scheme must set out how a person may make a complaint to the monitoring body for the scheme in relation to a failure to comply with, or possible failure to comply with, the Code of Ethics by a relevant provider covered by the scheme.

Name of compliance scheme

921G(7)  

A compliance scheme must have a name.


 



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