Treasury Laws Amendment (2022 Measures No. 1) Act 2022 (35 of 2022)

Schedule 4   Minor and technical amendments

Part 4   Other amendments

Corporations Act 2001

30   Subsection 921Q(1)

Repeal the subsection (not including the note), substitute:

(1) If a Financial Services and Credit Panel reasonably believes that:

(a) a person has contravened a restricted civil penalty provision; and

(b) the person was a relevant provider at the time of the alleged contravention;

the panel may, by written notice given to ASIC, recommend that ASIC make an application under subsection 1317J(1) in relation to the alleged contravention.