Corporations Act 2001
If the Minister considers that a market licensee's approved compensation arrangements are no longer adequate, the Minister may give the licensee a written direction to do specified things that the Minister believes will ensure that the arrangements become adequate once more.882D(2) [ Compliance]
The licensee must comply with the direction.882D(3) [ Failure to comply]
If the licensee fails to comply with the direction, ASIC may apply to the Court for, and the Court may make, an order that the licensee comply with the direction.882D(4) [ Variation or revocation of direction]
The Minister may vary or revoke a direction at any time by giving written notice to the licensee.