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 noteIn considering whether to make a CS services rule, ASIC: (a) must have regard to:
(i) the likely effect of the proposed rule on the Australian economy, and on the efficiency, integrity and stability of the Australian financial system; and
(ii) the likely regulatory impact of the proposed rule; and
(iii) the likely effect of the proposed rule on the safety, fairness and effectiveness of competition in the provision of CS services; and
(b) must have regard to the matters (if any) raised by the ACCC or the Reserve Bank in consultations mentioned in paragraph 828J(1)(b) ; and (c) may have regard to any other matters that ASIC considers relevant.
(iv) if the proposed rule will impose requirements in relation to a CS service - the structure of the market for the provision of the CS service; and
Note: Matters that ASIC may have regard to under paragraph (c) may, for example, include any relevant international standards and international commitments.
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