CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 3 - Approved compensation arrangements  

Subdivision D - Are compensation arrangements adequate?  

SECTION 885I   ADMINISTRATION AND MONITORING  

885I(1)   [ Administration and monitoring]  

The arrangements must include arrangements for:


(a) the administration of the compensation arrangements; and


(b) monitoring compliance with the compensation arrangements and reporting breaches of the arrangements to the board of the operator of the market; and


(c) monitoring the adequacy of the arrangements and reporting to the board of the operator of the market on the need for, or desirability of, changes to the compensation arrangements.

885I(2)   [ Delegation of responsibilities]  

Without limiting subsection (1), the arrangements may give responsibilities to:


(a) the operator of the market, or a related company, or a director or employee of the operator or a related company; or


(b) a committee; or


(c) another person acting under an arrangement with the operator.

885I(3)   [ Members of delegation]  

The people who may be members of a committee referred to in paragraph (2)(b) include, but are not limited to:


(a) participants in the market, or representatives of such participants; and


(b) members of the board of the operator of the market.


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