CORPORATIONS ACT 2001
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.