Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 3 - Approved compensation arrangements  

Subdivision C - Changing Division 3 arrangements  

SECTION 884A   DIVISION 3 ARRANGEMENTS MUST GENERALLY ONLY BE CHANGED IN ACCORDANCE WITH THIS SUBDIVISION  

884A(1)   [ Prohibition on changing compensation arrangements]  

The operator of a financial market in relation to which there are Division 3 arrangements must not change those arrangements except in accordance with this Subdivision.

884A(2)   [ Changing compensation arrangements]  

However, a change may be made to Division 3 arrangements otherwise than in accordance with this Subdivision if:

(a) the change is not to a matter required by section 885B to be dealt with in the compensation rules; and

(b) the change is merely a minor administrative change.