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, in writing, direct a benchmark administrator licensee to give ASIC a report that:
(a) deals with specified matters; and
(b) if ASIC requires - includes an audit statement on the licensee ' s report on those matters.
908BV(2)
A direction under subsection (1) must specify:
(a) a reasonable period for giving ASIC the report; and
(b) if paragraph (1)(b) applies - a person or body that is suitably qualified to prepare the audit statement.
908BV(3)
ASIC may give a copy of the report to the Minister.
908BV(4)
A person commits an offence if:
(a) the person is a benchmark administrator licensee; and
(b) the person is given a direction under subsection (1); and
(c) the person fails to comply with the direction.
Penalty: 100 penalty units.
908BV(5)
A direction under subsection (1) is not a legislative instrument.
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