Corporations Act 2001
CHAPTER 7 - FINANCIAL SERVICES AND MARKETS
PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS Division 2 - When there must be a compensation regime SECTION 881D WHAT HAPPENS IF AN APPLICATION CONTAINS A STATEMENT IN ACCORDANCE WITH PARAGRAPH 881B(2)(d) 881D(1) [ Ministerial consideration] 881D(2) [ Rejection of application]
If the Minister is not so satisfied, the application for the licence must be rejected.881D(3) [ Power to grant licence]
If the Minister is so satisfied, the Minister may (subject to the other provisions about granting licences) grant the licence.