CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5B - REGULATION OF FINANCIAL BENCHMARKS  

Division 2 - Licensing of financial benchmarks  

Subdivision F - Other obligations of licensees  

SECTION 908BS   908BS   OBLIGATION TO GIVE ASIC ACCESS TO LICENSEE ' S FACILITIES  


A person commits an offence if:


(a) the person is a benchmark administrator licensee; and


(b) ASIC requests, in writing, the person to provide reasonable access to any of the person ' s facilities for any of the purposes of this Part; and


(c) the facilities relate to the person ' s capacity as such a licensee; and


(d) the person fails to comply with the request.

Penalty: 100 penalty units.


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