CORPORATIONS ACT 2001

CHAPTER 9 - MISCELLANEOUS  

PART 9.4AA - INFRINGEMENT NOTICES FOR ALLEGED CONTRAVENTIONS OF CONTINUOUS DISCLOSURE PROVISIONS  

SECTION 1317DAH   COMPLIANCE PERIOD FOR INFRINGEMENT NOTICE  

1317DAH(1)   [ Time to comply]  

Subject to this section, the compliance period for an infringement notice is a period of 28 days beginning on the day after the day on which the infringement notice is issued.

1317DAH(2)   [ ASIC may extend compliance period]  

ASIC may extend, by notice in writing, the compliance period for the infringement notice if ASIC is satisfied that it is appropriate to do so.

1317DAH(3)   [ Only one extension given]  

Only one extension may be given and the extension must not be for longer than 28 days.

1317DAH(4)   [ Notice of extension]  

Notice of the extension must be given to the disclosing entity that was issued with the infringement notice.

1317DAH(5)   [ Validity of extension]  

A failure to comply with subsection (4) does not affect the validity of the extension.

1317DAH(6)   [ Meaning of compliance period]  

If ASIC extends the compliance period for an infringement notice, a reference in this Act to the compliance period for an infringement notice is taken to be a reference to the compliance period as so extended.


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