Obligation to notify ASIC of certain matters
7.6.02A Obligation to notify ASIC of certain matters
For paragraph 912D(3)(c) of the Act, the following Commonwealth legislation is specified:
Australian National Registry of Emissions Units Act 2011;
Banking Act 1959;
Carbon Credits (Carbon Farming Initiative) Act 2011;
Financial Sector (Collection of Data) Act 2001;
Financial Sector (Shareholdings) Act 1998;
Financial Sector (Transfer and Restructure) Act 1999;
Insurance Acquisitions and Takeovers Act 1991;
Insurance Act 1973;
Insurance Contracts Act 1984;
Life Insurance Act 1995;
Retirement Savings Accounts Act 1997;
Superannuation Industry (Supervision) Act 1993.
Certain breaches not required to be notified
For the purposes of paragraph 912D(4)(b) of the Act:
the following civil penalty provisions of the Act are prescribed:
subsection 798H(1);
subsection 901E(1);
subsection 921BA(5) in so far as it relates to subsection 921BA(4);
subsection 921BB(4);
subsection 921E(3);
subsection 922M(5);
subsection 941A(3);
subsection 941B(4);
subsection 943G(3);
subsection 943H(4);
subsection 943K(2);
subsection 943L(2);
subsection 962S(5);
subsection 962S(8);
subsection 981B(3);
subsection 981C(2);
subsection 1012A(5);
subsection 1012B(6);
subsection 1012C(11);
subsection 1017BA(4B);
subsection 1017BB(5AA);
subsection 1021E(8);
subsection 1021G(3);
section 1101AC; and
all civil penalty provisions of Commonwealth legislation that is specified in subregulation (1) are prescribed.
This Act’s bill:Explanatory statement
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