Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 4 - NGF Compensation regime  

Subdivision D - The SEGC  

SECTION 890H   DISALLOWANCE OF CHANGES TO THE SEGC'S OPERATING RULES  

890H(1)   [ Notice to Minister]  

As soon as practicable after receiving a notice under section 890G , ASIC must send a copy of the notice to the Minister.

890H(2)   [ Power to disallow]  

Within 28 days after ASIC received the notice under section 890G , the Minister may disallow all or a specified part of the change to the SEGC's operating rules.

890H(3)   [ Notice of disallowance]  

As soon as practicable after all or part of a change is disallowed, ASIC must give notice of the disallowance to the SEGC. The change ceases to have effect, to the extent of the disallowance, when the SEGC receives the notice.