Corporations Act 2001
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Hide history noteSubject to section 1317DAD , if ASIC has reasonable grounds to believe that a disclosing entity has contravened subsection 674(2) or 675(2) , ASIC may issue an infringement notice to the disclosing entity.
1317DAC(2) [ Issue by service]ASIC issues the infringement notice to the disclosing entity by serving it on the disclosing entity.
1317DAC(3) [ Multiple notices]ASIC must not issue more than one infringement notice to the disclosing entity for the same alleged contravention of subsection 674(2) or 675(2) .
1317DAC(4) ASIC must have regard to certain matters.In determining whether to issue an infringement notice to a listed disclosing entity for an alleged contravention of subsection 674(2) , ASIC must have regard to:
(a) any guidelines issued by the relevant market operator for the listed disclosing entity that relate to the provisions of the listing rules referred to in subsection 674(1) ; and
(b) any other relevant matter. 1317DAC(5) Infringement notice does not have effect.
The infringement notice does not have any effect if the infringement notice:
(a) is issued more than 12 months after the day on which the contravention of subsection 674(2) or 675(2) is alleged to have occurred; or
(b) relates to more than one alleged contravention of subsection 674(2) or 675(2) by the disclosing entity.
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