Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 8B - Compliance schemes  

Subdivision A - Compliance schemes to cover relevant providers  

SECTION 921J   WHEN A COMPLIANCE SCHEME COVERS A RELEVANT PROVIDER  

921J(1)  
A compliance scheme covers a relevant provider if:

(a) an approval is in force under section 921K in relation to the compliance scheme; and

(b) the condition in subsection (2) of this section is met for the relevant provider; and

(c) if the monitoring body for the compliance scheme is a professional association - the relevant provider is a member of the professional association. Notifying ASIC of the compliance scheme that covers a relevant provider

921J(2)  
The condition in this subsection is met for a relevant provider in relation to a compliance scheme if:

(a) both of the following apply:

(i) the notice lodged under section 922D in relation to the relevant provider stated that the compliance scheme is to cover the relevant provider;

(ii) no notice has been lodged under section 922H stating that another compliance scheme is to cover the relevant provider; or

(b) the most recent notice lodged under section 922H , in relation to particulars entered on the Register of Relevant Providers about the compliance scheme that is to cover the relevant provider, stated that the compliance scheme is to cover the relevant provider.

Note: A notice must be lodged under section 922H when there is a change in a matter for a relevant provider.