CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 2 - Regulation of CS facility licensees  

Subdivision A - Licensee's obligations  

SECTION 821C   OBLIGATION TO ASSIST  

821C(1)   ASIC.  

A CS facility licensee must give such assistance to ASIC, or a person authorised by ASIC, as ASIC or the authorised person reasonably requests in relation to the performance of ASIC's functions.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

821C(2)   [ Type of assistance]  

Such assistance may include showing ASIC the licensee's books or giving ASIC other information.

821C(3)   Reserve Bank.  

A CS facility licensee must give such assistance to the Reserve Bank of Australia (the Reserve Bank ), or a person authorised by the Reserve Bank, as the Reserve Bank or the authorised person reasonably requests in relation to the performance of the Reserve Bank's functions under this Part.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

821C(4)   [ Provision of books and other information]  

Such assistance may include showing the Reserve Bank the licensee's books or giving the Reserve Bank other information.


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