Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 (87 of 2024)
Schedule 2 Financial market infrastructure: new and enhanced regulatory powers
Part 2 Dealing with licences that are not being used etc.
Corporations Act 2001
21 After paragraph 908BI(1)(a)
Insert:
(aa) both of the following subparagraphs apply:
(i) it has been at least 12 months since ASIC granted the licence;
(ii) during the last 12 months, the licensee has not administered the financial benchmark specified in the licence; or
(ab) all of the following subparagraphs apply:
(i) it has been at least 12 months since ASIC granted the licence;
(ii) the licence is subject to a condition specifying that the licensee is authorised to engage in specified conduct or activity that constitutes administering that financial benchmark;
(iii) during the last 12 months, the licensee has not engaged in any such specified conduct or activity; or