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 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 2 - Regulation of CS facility licensees  

Subdivision A - Licensee ' s obligations  

SECTION 821C   OBLIGATION TO ASSIST  

ASIC

821C(1)    
A CS facility licensee must give such assistance to ASIC, or a person authorised by ASIC, as ASIC or the authorised person reasonably requests in relation to the performance of ASIC ' s functions.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

821C(2)    
Such assistance may include showing ASIC the licensee ' s books or giving ASIC other information.

Reserve Bank

821C(3)    

A CS facility licensee must give such assistance to the Reserve Bank of Australia (the Reserve Bank ), or a person authorised by the Reserve Bank, as the Reserve Bank or the authorised person reasonably requests in relation to the performance of the Reserve Bank ' s functions under this Part.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

821C(4)    
Such assistance may include showing the Reserve Bank the licensee ' s books or giving the Reserve Bank other information.