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 4
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NGF Compensation regime
Subdivision D
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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.
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