Corporations Act 2001
A benchmark administrator licensee must:
(a) comply with the conditions on the licence; and
(b) if the licensee is a foreign body corporate - be registered under Division 2 of Part 5B.2 ; and
(c) take all reasonable steps to ensure that no disqualified individual becomes, or remains, involved in the administration of the financial benchmark specified in the licence.
Note: The licensee also needs to comply with the rules made under Division 3 (see section 908CF ).
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