Corporations Act 2001
A person commits an offence if:
(a) in Australia, the person holds out that:
(i) the person holds a benchmark administrator licence; or
(ii) the administration of a financial benchmark by the person is authorised by a benchmark administrator licence; or
(iii) a financial benchmark is specified in a benchmark administrator licence; or
(iv) a financial benchmark is a significant financial benchmark; or
(v) a financial benchmark is not a significant financial benchmark; and
(b) this is not the case.
Penalty: 5 years imprisonment.
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