Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.5B - REGULATION OF FINANCIAL BENCHMARKS  

Division 2 - Licensing of financial benchmarks  

Subdivision H - Other matters  

SECTION 908BX   BASIS OF LICENCES  

908BX(1)    
A benchmark administrator licence is granted under this Part on the basis that:

(a) the licence may be varied, suspended or cancelled, or made subject to conditions (or additional conditions), by or under:

(i) this Division; or

(ii) later legislation; and

(b) no compensation is payable if the licence is varied, suspended or cancelled, or made subject to conditions (or additional conditions), as mentioned in paragraph (a).

908BX(2)    
Subsection (1) does not, by implication, affect the interpretation of any other provision:

(a) of this Act; or

(b) of an instrument made under this Act.