Corporations Amendment Regulations 2002 (No. 5) (126 of 2002)

Schedule 3   Amendments commencing on gazettal

[8]   Subregulation 7.2.16 (15)

substitute

(15) If ASIC is notified under subregulation (14), ASIC must, as soon as practicable:

(a) decide whether it will cease to make the decisions and take the action (or cease to require ASX to take action on ASIC's behalf); and

(b) notify ASX and the competitor of its decision.

(16) If ASIC decides to cease to make decisions and take action (or to cease to require ASX to take action on ASIC's behalf), ASIC must cease to make decisions and take action (or must cease to require ASX to take action on ASIC's behalf) in relation to the conflict or potential conflict.

(17) If ASIC decides not to cease to make decisions and take action (or not to cease to require ASX to take action on ASIC's behalf), ASIC must continue to make decisions and take action (or must require ASX to take action on ASIC's behalf) in relation to the conflict or potential conflict.