CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.10A - EXTERNAL DISPUTE RESOLUTION  

Division 2 - Regulating the AFCA scheme  

SECTION 1052D   APPROVAL OF MATERIAL CHANGES TO THE AFCA SCHEME  

1052D(1)  
AFCA may request ASIC to approve a material change to the AFCA scheme.

Note: A material change must not be made to the scheme without ASIC ' s approval (see paragraph 1051(5)(b) ).

1052D(2)  
ASIC may, by written notice given to AFCA, approve the change.

1052D(3)  
In considering whether to approve the change, ASIC must take into account the following in relation to the scheme as it is proposed to be changed:


(a) the mandatory requirements for the scheme under section 1051 ;


(b) the general considerations for the scheme under section 1051A ;


(c) any conditions imposed by the Minister on the authorisation of the scheme under paragraph 1050(5)(b) ;


(d) any regulatory requirements issued under section 1052A .


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