Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.5
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COMPENSATION REGIMES FOR FINANCIAL MARKETS
Division 2
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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]
If a licence application contains a statement in accordance with paragraph 881B(2) (d), the Minister must consider whether he or she is satisfied that the market will be covered by Division 4 .
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.
Note: The other provisions about granting licences are in Subdivision A of Division 4 of Part 7.2 .
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