Financial Sector Reform (Hayne Royal Commission Response - Stronger Regulators (2019 Measures)) Act 2020 (3 of 2020)
Schedule 3 Licensing and false or misleading documents
Part 1 Australian financial services licences
Corporations Act 2001
23 After subsection 915B(3)
Insert:
(3A) ASIC may also cancel an Australian financial services licence held by a body corporate, by giving written notice to the body, if the body does not provide a financial service covered by the licence before the end of 6 months after the licence is granted.
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