7.8.05M
CurrentWithdrawal of client money reporting infringement notice by ASIC
Chapter 7Financial services and markets
Part 7.8Other provisions relating to conduct etc connected with financial products and financial services, other than financial product disclosure
Division 2Dealing with clients’ money
Subdivision AAClient money reporting rules
7.8.05M Withdrawal of client money reporting infringement notice by ASIC
(1)
ASIC may withdraw a client money reporting infringement notice given by ASIC without an application under regulation 7.8.05L having been made.
(2)
In deciding whether to withdraw a client money reporting infringement notice under this regulation, ASIC may take the matters referred to in subregulation 7.8.05L(4) into account.
This Act’s bill:Explanatory statement
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