Corporations Act 2001
A body corporate may, by lodging an application with ASIC that is in a form approved by ASIC in writing, apply for a benchmark administrator licence for a particular financial benchmark.
Note: For fees for lodging applications, see Part 9.10 .908BD(2)
ASIC may, by written notice given to an applicant, require the applicant to lodge with ASIC, within the period specified in the notice, further information in connection with the application. 908BD(3)
If the applicant fails to lodge the further information as required, ASIC may, by written notice given to the applicant:
(a) refuse to consider the application; or
(b) refuse to take any action, or any further action, in relation to the application.
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