Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

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Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

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Ch 7 amended by No 8 of 2022, s 3, Sch 2[165] (effective 1 July 2022).

Ch 7 inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.

PART 7.5B - REGULATION OF FINANCIAL BENCHMARKS  

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Pt 7.5B inserted by No 27 of 2018, s 3, Sch 1[1] (effective 12 April 2018).

Division 2 - Licensing of financial benchmarks  

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Div 2 inserted by No 27 of 2018, s 3, Sch 1[1] (effective 12 April 2018).

Subdivision F - Other obligations of licensees  

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Subdiv F inserted by No 27 of 2018, s 3, Sch 1[1] (effective 12 April 2018).

SECTION 908BR   OBLIGATION TO ASSIST ASIC, APRA AND THE RESERVE BANK  

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908BR(1)    

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ASIC, APRA and the Reserve Bank are each a regulator to which this section applies.

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S 908BR(1) amended by No 87 of 2024, s 3, Sch 2[113] (effective 24 September 2024).

908BR(2)    
A person commits an offence if:

(a)    the person is a benchmark administrator licensee; and

(b)    a regulator to which this section applies reasonably requests, in writing, the person to:

(i) give the regulator access to the person ' s books that relate to the person ' s capacity as such a licensee; or

(ii) give other assistance to the regulator in relation to the performance of the regulator ' s functions; and

(c)    the person fails to comply with the request.

Penalty: 100 penalty units.

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S 908BR inserted by No 27 of 2018, s 3, Sch 1[1].

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