Corporations Regulations 2001

CHAPTER 12 - FINANCIAL SECTOR REFORM  

PART 12.7 - OTHER DISCLOSURE  

Division 1 - Preliminary  

REGULATION 12.7.02   DECLARATIONS BY ASIC  

12.7.02(1)   [ Application]  

This regulation applies, in relation to an Australian ADI, on:

(a) the initiative of ASIC; or

(b) application made to ASIC in writing by the ADI or another person.

12.7.02(2)   [ Special Services Provider]  

ASIC may declare that the Australian ADI conducts financial business of the same kind as the financial business of a transferring financial institution of a State or Territory that was, immediately before the transfer date, registered as a Special Services Provider under the AFIC Code of a State or Territory.

12.7.02(3)   [ Form and effective date]  

A declaration:

(a) must be in writing given to the Australian ADI; and

(b) takes effect when the declaration, or a copy of the declaration, is given to that ADI.