Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 8B - Compliance schemes  

Subdivision C - Investigations by monitoring body  

SECTION 921M   OFFENCES RELATING TO INVESTIGATIONS BY MONITORING BODY  

Failure by monitoring body to notify relevant provider of investigation or complete investigation

921M(1)  
A person commits an offence if:

(a) the person is a monitoring body for a compliance scheme; and

(b) the person fails to comply with subsection 921L(2) or (5) .

Penalty: 30 penalty units.

Failure to comply with request for information

921M(2)  
A person commits an offence if:

(a) a request is made of the person under subsection 921L(3) ; and

(b) the person fails to comply with the request within the period specified.

Penalty: 30 penalty units.

Leaving compliance scheme before investigation completed

921M(3)  
A person commits an offence if:

(a) the person is a relevant provider; and

(b) the person is covered by a compliance scheme; and

(c) the monitoring body for the scheme notifies the person that the monitoring body has become aware of a failure, or possible failure, by the person to comply with the Code of Ethics; and

(d) the person contravenes subsection 921L(4) .

Penalty: 30 penalty units.