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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 8B - Compliance schemes    View history reference

Subdivision C - Investigations by monitoring body    View history reference

SECTION 921M  OFFENCES RELATING TO INVESTIGATIONS BY MONITORING BODY  

 View history reference

Failure by monitoring body to notify relevant provider of investigation or complete investigation

921M(1)  

A person commits an offence if:


(a) the person is a monitoring body for a compliance scheme; and


(b) the person fails to comply with subsection 921L(2) or (5).

Penalty: 10 penalty units.

Failure to comply with request for information

921M(2)  

A person commits an offence if:


(a) a request is made of the person under subsection 921L(3); and


(b) the person fails to comply with the request within the period specified.

Penalty: 10 penalty units.

Leaving compliance scheme before investigation completed

921M(3)  

A person commits an offence if:


(a) the person is a relevant provider; and


(b) the person is covered by a compliance scheme; and


(c) the monitoring body for the scheme notifies the person that the monitoring body has become aware of a failure, or possible failure, by the person to comply with the Code of Ethics; and


(d) the person contravenes subsection 921L(4).

Penalty: 10 penalty units.


 



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