Corporations Act 2001
CCH Note: Division 3 is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
CCH Note: Section 994G is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
If: (a) a person makes a target market determination for a financial product; and (b) (a) of the definition of excluded conduct in subsection 994A(1) ); and (c) the person becomes aware that the dealing is not consistent with the determination;
the person must give written notice to ASIC as soon as practicable, and in any case within 10 business days, after becoming so aware.
Note 1: Failure to comply with this section is an offence (see subsection 1311(1) ).