CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 7 - SECURITIES
PART 7.3 - PARTICIPANTS IN THE SECURITIES INDUSTRY
Division 1 - Dealers and investment advisers and operators of managed investment schemes
History
Div heading amended by No 62 of 1998, Sch 2, Pt 1 (effective 1 July 1998).
SECTION 787
LICENSEE TO NOTIFY BREACH OF LICENCE CONDITION
787(1)
[Notice to be lodged within 1 day]
Within 1 day after the happening of an event constituting a contravention of a condition of a licence, the licensee must lodge a written notice setting out particulars of the event.
History
S 787(1) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).
787(2)
[Defences]
It is a defence to a charge arising under subsection
(1) if it is proved that:
(a)
when the licensee was required to lodge the notice, the licensee was unaware of a fact or occurrence that gave rise to the requirement; and
(b)
in a case where the licensee has since become aware of that fact or occurrence - the licensee lodged the notice as soon as practicable after becoming so aware.
History
S 787(2) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).
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