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 noteASIC may, by giving written notice to a derivative trade repository licensee, suspend the licence for a specified period, or cancel it, if: (a) the licensee ceases to carry on the business of operating the repository to which the licence relates; or (aa) both of the following subparagraphs apply:
(i) it has been at least 12 months since ASIC granted the licence;
(ab) all of the following subparagraphs apply:
(ii) during the last 12 months, the licensee has not provided the repository ' s services to which the licence relates; or
(i) it has been at least 12 months since ASIC granted the licence;
(ii) the licence is subject to a condition specifying that the licensee is authorised to engage in specified conduct or activity that constitutes operating that repository;
(b) the licensee becomes a Chapter 5 body corporate; or (c) the licensee asks ASIC to do so; or (ca) an application has been made under section 601AA to deregister the licensee as a company; or (cb) ASIC has decided under section 601AB to deregister the licensee as a company; or (d) in the case of a licensee that is a leviable entity (within the meaning of the ASIC Supervisory Cost Recovery Levy Act 2017 ) - the following have not been paid in full at least 12 months after the due date for payment:
(iii) during the last 12 months, the licensee has not engaged in any such specified conduct or activity; or
(i) an amount of levy (if any) payable in respect of the licensee;
(ii) the amount of late payment penalty payable (if any) in relation to the levy;
(iii) the amount of shortfall penalty payable (if any) in relation to the levy.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
