Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 7.12 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (IPH Limited Employee Share Scheme Disclosure) Instrument 2024/293; and the ASIC Corporations (L ' Or é al SA Employee Share Scheme Disclosure) Instrument 2024/296.
For legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.12, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
The regulations may prescribe a code of conduct for the purposes of this Division and declare it to be a mandatory code of conduct.
1101AE(2)
Regulations declaring a code of conduct a mandatory code of conduct may also: (a) confer functions and powers on a person or body for the purposes of:
(i) monitoring compliance with the code of conduct; and
(ii) dealing with disputes or complaints arising under, or in relation to, the code of conduct; and
(b) provide for and in relation to:
(iii) dealing with other associated administrative matters; or
(i) the keeping of records by persons bound by the code of conduct; and
(ii) reporting obligations of such persons.
1101AE(3)
If regulations prescribe a code of conduct, the code of conduct may prescribe pecuniary penalties not exceeding 1,000 penalty units for civil penalty provisions of the code of conduct.
1101AE(4)
To avoid doubt, subsections 1317G(3) and (4) do not apply in relation to the contravention of a civil penalty provision of a mandatory code of conduct.
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