Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 4 - Australian financial services licences  

Subdivision C - When a licence can be varied, suspended or cancelled  

SECTION 915F   DATE OF EFFECT AND PUBLICATION OF CANCELLATION OR SUSPENSION  

915F(1)   [ Date of effect]  

A variation, suspension, revocation of a suspension, or cancellation, of an Australian financial services licence takes effect when the written notice of that action is given to the licensee.

915F(2)   [ Publication]  

As soon as practicable after the notice is given to the licensee, ASIC must:


(a) publish a notice of the action in the Gazette ; and


(b) if the licensee is a participant in a licensed market or a licensed CS facility - give written notice of the action to the operator of the market or facility.

A notice under this subsection must state when the action took effect.


 

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