55D
In forceNotifying ASIC of reasonable belief of material breach of ASIC provisions
Part 5AGiving information etc. to ASIC
55D Notifying ASIC of reasonable belief of material breach of ASIC provisions
(1)
Subsection (2) applies if APRA has a reasonable belief that a material breach of a legislative provision of which ASIC has the general administration may have occurred, or may be occurring.
(2)
APRA must notify ASIC of that reasonable belief as soon as practicable.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.