Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
A recipient complies with an infringement notice if, during the compliance period, the recipient does all of the following:
(a) pays the penalty specified in the infringement notice under sub-subparagraph 7.5A.106(g)(ii)(A) (if any);
(b) undertakes or institutes the remedial measures specified in the infringement notice under subparagraph 7.5A.106(g)(iii) (if any);
(c) accepts the sanctions specified in the infringement notice under subparagraph 7.5A.106(g)(iv) (if any);
(d) enters into an undertaking (including an undertaking to comply with the infringement notice) with the terms specified in the infringement notice under subparagraph 7.5A.106(g)(v) (if any).
7.5A.108(2)
The compliance period for an infringement notice:
(a) starts on the day on which the infringement notice is given to the recipient; and
(b) ends:
(i) 27 days after the day on which the infringement notice is given to the recipient; or
(ii) on another day permitted by this regulation.
7.5A.108(3)
If the recipient applies for a further period of time in which to comply with the infringement notice, and the application is granted, the compliance period ends at the end of the further period allowed.
7.5A.108(4)
If the recipient applies for a further period of time in which to comply with the infringement notice, and the application is refused, the compliance period ends on the later of:
(a) 28 days after the day on which the infringement notice was given to the recipient; and
(b) 7 days after the notice of refusal is given to the recipient.
7.5A.108(5)
If the recipient applies for the infringement notice to be withdrawn, and the application is refused, the compliance period ends 28 days after the notice of refusal is given to the recipient.
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