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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History

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As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.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 7.8 - OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE  

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CCH note - modifying legislative instruments: The application of Pt 7.8 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669 (Div 8 only) (as amended by ASIC Corporations (Amendment) Instrument 2024/554).

For legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.8, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.

Division 2 - Dealing with clients ' money  

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CCH Note: Division 2 is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.

Subdivision AA - Client money reporting rules  

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CCH Note: Subdivision AA is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.

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History

Subdiv AA inserted by No 25 of 2017, s 3, Sch 5[14] (effective 4 April 2018).

SECTION 981P  

981P   COMPLIANCE WITH REQUIREMENTS TO PROVIDE DATA OR OTHER INFORMATION TO ASIC: PROTECTION FROM LIABILITY  

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CCH Note: Section 981P is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.

If:

(a) a financial services licensee, or a person acting on behalf of a financial services licensee:

(i) provides data or information to ASIC; or

(ii) otherwise allows ASIC access to data or information; and

(b) the licensee or person does so, in good faith, in compliance with a requirement imposed by or under a provision of the client money reporting rules;

the licensee or person is not liable to an action or other proceeding, whether civil or criminal, for or in relation to the conduct mentioned in paragraph (a).

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History

S 981P inserted by No 25 of 2017, s 3, Sch 5[14] (effective 4 April 2018).

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