Corporations Act 2001

CHAPTER 9 - MISCELLANEOUS  

PART 9.4AB - INFRINGEMENT NOTICES FOR OTHER ALLEGED CONTRAVENTIONS  

Division 3 - Infringement notices given by Financial Services and Credit Panels  

SECTION 1317DATB   PAYMENT PERIOD, EXTENSION OF TIME AND PAYMENT BY INSTALMENTS  

1317DATB(1)    
Sections 1317DAQ , 1317DAR and 1317DAS apply, in relation to an infringement notice given to a person by a Financial Services and Credit Panel, with the modifications provided for in subsections (2) to (6) of this section.

1317DATB(2)    
The following provisions apply, in accordance with subsection (1) , as if any reference in them to ASIC were a reference to the Chair of the panel:

(a)    subsections 1317DAQ(2) to (5) ;

(b)    subsections 1317DAR(2) to (5) ;

(c)    subsections 1317DAS(2) to (5) .

1317DATB(3)    
The following provisions apply, in accordance with subsection (1) , as if any reference in them to ASIC were a reference to the panel:

(a)    subsection 1317DAR(1) ;

(b)    subsection 1317DAS(1) .

1317DATB(4)    
Section 1317DAQ applies, in accordance with subsection (1) of this section, as if subsection 1317DAQ(6) were omitted and the following subsection substituted:

" (6)
If the panel under subsection 1317DATC(3) refuses, or under subsection 1317DATC(5) is taken to refuse, a representation made for the notice to be withdrawn, the payment period ends on the later of the following days:

(a) the last day of the period that, without the withdrawal, would be the payment period for the notice;

(b) the day that is 7 days after the day the person was given notice of the panel ' s decision not to withdraw the notice;

(c) the day that is 7 days after the day on which the panel is taken to have refused to withdraw the infringement notice. " .

1317DATB(5)    
Section 1317DAR applies, in accordance with subsection (1) of this section, as if paragraph 1317DAR(2)(b) were omitted and the following paragraph substituted:

" (b) if ASIC requests, in writing, that the Chair of the panel that gave the infringement notice extend the period. " .

1317DATB(6)    
Section 1317DAS applies, in accordance with subsection (1) of this section, as if paragraph 1317DAS(2)(b) were omitted and the following paragraph substituted:

" (b) if ASIC requests, in writing, that the Chair of the panel that gave the infringement notice make such an arrangement. " .