Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 2 - When there must be a compensation regime  

SECTION 881D   WHAT HAPPENS IF AN APPLICATION CONTAINS A STATEMENT IN ACCORDANCE WITH PARAGRAPH 881B(2)(d)  

881D(1)   [ Ministerial consideration]  

If a licence application contains a statement in accordance with paragraph 881B(2) (d), the Minister must consider whether he or she is satisfied that the market will be covered by Division 4 .

881D(2)   [ Rejection of application]  

If the Minister is not so satisfied, the application for the licence must be rejected.

881D(3)   [ Power to grant licence]  

If the Minister is so satisfied, the Minister may (subject to the other provisions about granting licences) grant the licence.

Note: The other provisions about granting licences are in Subdivision A of Division 4 of Part 7.2 .