Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Act 2023 (46 of 2023)

Schedule 1   Financial services compensation scheme of last resort

Part 2   Other amendments

Corporations Act 2001

7   After subsection 601AH(1A)

Insert:

(1B) ASIC may reinstate the registration of a company deregistered under subsection 601AB(1C) if:

(a) ASIC receives an application in relation to the reinstatement of the company's registration; and

(b) the instalments of levy (within the meaning of the Financial Services Compensation Scheme of Last Resort Levy (Collection) Act 2023) imposed on the company are paid in full; and

(c) the amount of any late payment penalty payable in relation to the instalments of levy is paid in full; and

(d) the amount of any shortfall penalty payable in relation to the instalments of levy is paid in full.