• Specific Year
    Any

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001

Table of Provisions

PART 1--PRELIMINARY

Division 1--Objects

  • 1 Objects  

Division 2--Citation

  • 1A Short title  

Division 3--Commencement and application

  • 2 Commencement  
  • 4 Application of this Act  
  • 4A Application of the Criminal Code  

Division 4--Interpretation

  • 5 Interpretation  
  • 6 Giving information  

PART 2--AUSTRALIAN--SECURITIES AND INVESTMENTS COMMISSION AND CONSUMER PROTECTION IN RELATION TO FINANCIAL SERVICES

Division 1--Australian Securities and Investments Commission

  • 8 ASIC is a body corporate  
  • 8A ASIC's liabilities are Commonwealth liabilities  
  • 9 Membership  
  • 9A Application of the finance law  
  • 10 Chairperson and Deputy Chairpersons  
  • 10A Chairperson not subject to direction by ASIC on certain matters  
  • 11 Corporations legislation functions and powers and other functions and powers  
  • 12 Directions by Minister  
  • 12A Other functions and powers  
  • 12AA Cooperation with APRA  

Division 2--Unconscionable conduct and consumer protection in relation to financial services

Subdivision A--Application
  • 12AC Division extends to some conduct outside Australia  
  • 12AD Application of Division to Commonwealth and Commonwealth authorities  
  • 12AE Saving of other laws and remedies  
  • Subdivision B--Interpretation
  • 12BA Interpretation  
  • 12BAA Definition of financial product  
  • 12BAB Meaning of financial service  
  • 12BB Misleading representations with respect to future matters  
  • 12BC Consumers  
  • 12BD Acquisition, supply and re - supply  
  • 12BE Application of Division in relation to leases and licences of land and buildings  
  • 12BEA Asserting a right to payment  
  • Subdivision BA--Unfair contract terms
  • 12BF Unfair terms of consumer contracts and small business contracts  
  • 12BG Meaning of unfair  
  • 12BH Examples of unfair terms  
  • 12BI Terms that define main subject matter of consumer contracts or small business contracts etc. are unaffected  
  • 12BK Standard form contracts  
  • 12BL Contracts to which this Subdivision does not apply  
  • 12BLA Replacement life insurance contracts to which this Subdivision does not apply  
  • 12BLB Renewed life insurance contracts to which this Subdivision does not apply  
  • 12BLC This Subdivision does not apply to certain contracts connected with financial markets  
  • 12BM Contraventions of this Subdivision etc.  
  • Subdivision C--Unconscionable conduct
  • 12CA Unconscionable conduct within the meaning of the unwritten law of the States and Territories  
  • 12CB Unconscionable conduct in connection with financial services  
  • 12CC Matters the court may have regard to for the purposes of section 12CB  
  • Subdivision D--Consumer protection
  • 12DA Misleading or deceptive conduct  
  • 12DB False or misleading representations  
  • 12DC False or misleading representations in relation to financial products that involve interests in land  
  • 12DD Cash price to be stated in certain circumstances  
  • 12DE Offering rebates, gifts, prizes etc.  
  • 12DF Certain misleading conduct in relation to financial services  
  • 12DG Bait advertising  
  • 12DH Referral selling  
  • 12DI Accepting payment without intending or being able to supply as ordered  
  • 12DJ Harassment and coercion  
  • 12DK Pyramid selling of financial products  
  • 12DL Unsolicited credit cards and debit cards  
  • 12DM Assertion of right to payment for unsolicited financial services etc.  
  • 12DMA Liability of recipient for unsolicited financial services etc.  
  • 12DMB Assertion of right to payment for unauthorised advertisements  
  • 12DMC Caps on commissions for add - on risk products supplied in connection with motor vehicles  
  • 12DN Application of provisions of this Division to information providers  
  • Subdivision DA--Deferred sales for add-on insurance products
  • 12DO Meaning of add - on insurance product  
  • 12DP Meaning of add - on insurance deferral period and add - on insurance pre - deferral period  
  • 12DQ Prohibition on selling add - on insurance products before end of add - on insurance deferral period etc.  
  • 12DR Prohibition on offering add - on insurance product during add - on insurance deferral period  
  • 12DS Prohibition on offering add - on insurance product--customer opt - out  
  • 12DT Right of return and refund for add - on insurance product sold in contravention of section 12DQ  
  • 12DU Exception for financial advisers  
  • 12DV Exception for product covered by product intervention order  
  • 12DW Exception for comprehensive motor vehicle insurance  
  • 12DX Exemption by regulations  
  • 12DY Exemption by ASIC  
  • 12DZ Effect of exemption  
  • 12DZA Contravention of conditions on exemption  
  • Subdivision E--Conditions and warranties in consumer transactions
  • 12EA Conflict of laws  
  • 12EB Application of provisions not to be excluded or modified  
  • 12EC Limitation of liability for breach of certain conditions or warranties  
  • 12ED Warranties in relation to the supply of financial services  
  • Subdivision G--Enforcement and remedies
  • 12GA Interpretation  
  • 12GB Offences against Subdivision D or DA  
  • 12GBA Declaration of contravention of civil penalty provision  
  • 12GBB Pecuniary penalty orders  
  • 12GBC Maximum pecuniary penalty  
  • 12GBCA Pecuniary penalty applicable  
  • 12GBCB Civil enforcement of pecuniary penalty order  
  • 12GBCC Relinquishing the benefit derived from engaging in conduct resulting in a pecuniary penalty order  
  • 12GBCD Civil enforcement of relinquishment order  
  • 12GBCE Meaning of benefit derived and detriment avoided because of a contravention of a civil penalty provision  
  • 12GBCF Civil evidence and procedure rules for declarations of contravention, pecuniary penalty orders and relinquishment orders  
  • 12GBCG Civil proceedings after criminal proceedings  
  • 12GBCH Criminal proceedings during civil proceedings  
  • 12GBCJ Criminal proceedings after civil proceedings  
  • 12GBCK Evidence given in civil proceedings not admissible in criminal proceedings  
  • 12GBCL Attempt and involvement in contravention treated in same way as actual contravention  
  • 12GBCM Continuing contraventions of civil penalty provisions  
  • 12GBCN State of mind  
  • 12GBCP Exceptions etc. to civil penalty provisions--burden of proof  
  • 12GBD Indemnification of officers  
  • 12GC Enforcement and recovery of certain fines  
  • 12GCA Preference must be given to compensate persons who suffer damage as a result of contravention  
  • 12GD Injunctions  
  • 12GF Actions for damages  
  • 12GFA Recovering commissions that exceed a cap under section 12DMC  
  • 12GG Finding in proceedings to be evidence  
  • 12GH Conduct by directors, employees or agents  
  • 12GI Defences  
  • 12GJ Jurisdiction of courts  
  • 12GK Transfer of matters  
  • 12GL Transfer of certain proceedings to Federal Circuit and Family Court of Australia (Division 1)  
  • 12GLA Non - punitive orders  
  • 12GLB Punitive orders requiring adverse publicity  
  • 12GLC ASIC may issue a public warning notice  
  • 12GLD Order disqualifying a person from managing corporations  
  • 12GM Other orders  
  • 12GN Power of Court to prohibit payment or transfer of money or other property  
  • 12GNA Limit on liability for misleading or deceptive conduct  
  • 12GNB Orders to redress loss or damage suffered by non - parties etc.  
  • 12GNC Kinds of orders that may be made to redress loss or damage suffered by non - parties etc.  
  • 12GND Declarations  
  • 12GNE Orders made in favour of party to contract containing unfair term  
  • 12GNF Orders made on application of ASIC to prevent and remedy unfair contract terms  
  • 12GNG Interaction with other provisions  
  • 12GO Intervention by ASIC  
  • Subdivision GA--Proportionate liability for misleading and deceptive conduct
  • 12GP Application of Subdivision  
  • 12GQ Certain concurrent wrongdoers not to have benefit of apportionment  
  • 12GR Proportionate liability for apportionable claims  
  • 12GS Defendant to notify plaintiff of concurrent wrongdoer of whom defendant is aware  
  • 12GT Contribution not recoverable from defendant  
  • 12GU Subsequent actions  
  • 12GV Joining non - party concurrent wrongdoer in the action  
  • 12GW Application of Subdivision  
  • Subdivision GB--Infringement notices
  • 12GX When an infringement notice may be given  
  • 12GXA Provisions subject to an infringement notice  
  • 12GXB Matters to be included in an infringement notice  
  • 12GXC Payment period  
  • 12GXD Extension of time to pay amount  
  • 12GXE Payment by instalments  
  • 12GXF Withdrawal of an infringement notice  
  • 12GXG Effect of payment of amount  
  • 12GXH Effect of this Subdivision  
  • Subdivision GC--Substantiation notices
  • 12GY ASIC may require claims to be substantiated etc.  
  • 12GYA Extending periods for complying with substantiation notices  
  • 12GYB Compliance with substantiation notices  
  • 12GYC False or misleading information etc.  
  • Subdivision H--Miscellaneous
  • 12HA Relationship of this Subdivision to Part 3  
  • 12HB Disclosure of documents by ASIC  
  • 12HC Prosecutions  
  • 12HD Jurisdiction of Court to make declarations and orders  

PART 3--INVESTIGATIONS--AND INFORMATION-GATHERING

Division 1--Investigations

  • 13 General powers of investigation  
  • 14 Minister may direct investigations  
  • 15 Investigation after report of receiver or liquidator  
  • 16 Interim report on investigation  
  • 17 Final report on investigation  
  • 18 Distribution of report  

Division 2--Examination of persons

  • 19 Notice requiring appearance for examination  
  • 20 Proceedings at examination  
  • 21 Requirements made of examinee  
  • 22 Examination to take place in private  
  • 22A Proceedings at examination  
  • 23 Examinee's lawyer may attend  
  • 24 Record of examination  
  • 25 Giving to other persons copies of record  
  • 26 Copies given subject to conditions  
  • 27 Record to accompany report  

Division 3--Inspection of books and audit information-gathering powers

  • 28 When certain powers may be exercised  
  • 29 ASIC may inspect books without charge  
  • 30 Notice to produce books about affairs of body corporate or registered scheme  
  • 30A Notice to auditors concerning information and books  
  • 30B Notice to registered liquidators concerning information and books  
  • 31 Notice to produce books about financial products  
  • 32A Notice to produce books about financial services  
  • 33 Notice to produce documents in person's possession  
  • 34 ASIC may authorise persons to require production of books, giving of information etc.  
  • 37 Powers where books produced or seized  
  • 38 Powers where books not produced  
  • 39 Power to require person to identify property of body corporate  
  • 39A ASIC may give copy of book relating to registered scheme to another person  
  • 39B ASIC to notify foreign regulator's access to information or books  
  • 39C ASIC may give information and books in relation to Chapter 5 bodies corporate  

Division 3A--Extra application of Crimes Act search warrant provisions

Subdivision A--Basic extra application
  • 39D Extra application of Crimes Act search warrant provisions  
  • 39E Interpretation of modifications  
  • Subdivision B--Modifications
  • 39F Major modifications--evidential material  
  • 39G Major modifications--who may apply for a warrant etc.  
  • 39H Major modifications--purposes for which things may be used and shared  
  • 39I Minor modifications  

Division 4--Requirements to disclose information

  • 40 When certain powers may be exercised  
  • 41 Acquisitions and disposals of financial products  
  • 42 Acquisitions and disposals of trust property by trustee companies  
  • 43 Exercise of certain powers of ASIC in relation to financial products  
  • 44 Exercise of certain powers of ASIC in relation to trust property acquired or disposed of by trustee company  
  • 47 Disclosures to take place in private  
  • 48 Lawyer of person making disclosure may attend  

Division 5--Proceedings after an investigation

  • 49 ASIC may cause prosecution to be begun  
  • 50 ASIC may cause civil proceeding to be begun  

Division 5A--Audit deficiency notifications and reports

  • 50A Application  
  • 50B Notice of audit deficiency  
  • 50C Audit deficiency report  
  • 50D Publication of report  
  • 50E Consultation before publication  

Division 6--Hearings

  • 51 Power to hold hearings  
  • 52 General discretion to hold hearing in public or private  
  • 53 Request by person appearing at hearing that it take place in public  
  • 54 Certain hearings to take place in private  
  • 55 ASIC may restrict publication of certain material  
  • 56 Who may be present when hearing takes place in private  
  • 57 Involvement of person entitled to appear at hearing  
  • 58 Power to summon witnesses and take evidence  
  • 59 Proceedings at hearings  
  • 59A Proceedings at hearings  
  • 60 ASIC to take account of evidence and submissions  
  • 61 Reference to Court of question of law arising at hearing  
  • 62 Protection of members etc.  

Division 7--Offences

  • 63 Non - compliance with requirements made under this Part  
  • 64 False information  
  • 65 Obstructing person acting under this Part  
  • 66 Contempt of ASIC  
  • 67 Concealing books relevant to investigation  
  • 68 Self - incrimination  
  • 69 Legal professional privilege  
  • 70 Powers of Court where non - compliance with Part  

Division 8--ASIC's powers where non-compliance with Part

  • 71 Orders by ASIC  
  • 72 Orders in relation to securities of a body corporate  
  • 73 Orders in relation to financial products and trust property generally  
  • 75 Orders under this Division  

Division 9--Evidentiary use of certain material

  • 76 Statements made at an examination: proceedings against examinee  
  • 77 Statements made at an examination: other proceedings  
  • 78 Weight of evidence admitted under section 77  
  • 79 Objection to admission of statements made at examination  
  • 80 Copies of, or extracts from, certain books  
  • 81 Report under Division 1  
  • 82 Exceptions to admissibility of report  
  • 83 Material otherwise admissible  

Division 10--Miscellaneous

  • 84 Requirement made of a body corporate  
  • 85 Evidence of authority  
  • 86 Giving documents to natural persons  
  • 87 Place and time for production of books  
  • 88 Application of Crimes Act and Evidence Act  
  • 89 Allowances and expenses  
  • 90 Expenses of investigation under Division 1  
  • 91 Recovery of expenses of investigation  
  • 92 Compliance with Part  
  • 93 Effect of Part  
  • 93AA Enforcement of undertakings given to ASIC  

PART 3A--ENFORCEABLE--UNDERTAKINGS

  • 93A Undertakings--registered schemes  
  • 93B Undertakings--notified foreign passport funds  
  • 93BA Undertakings by corporate director of a CCIV  

PART 3B--CRIMINAL--PENALTIES

  • 93C Penalty for committing an offence  
  • 93D Penalty applicable to an offence committed by an individual  
  • 93E Penalty applicable to an offence committed by a body corporate  
  • 93F Meaning of benefit derived and detriment avoided because of an offence  
  • 93G Where is the penalty for an offence specified?  
  • 93H If no penalty is specified  

PART 4--ASIC----BUSINESS

Division 1--General

  • 94 Arrangement of ASIC's business  
  • 95 ASIC to establish offices  
  • 96 Regional Commissioners  

Division 2--Divisions of ASIC

  • 97 ASIC may establish Division  
  • 98 Effect of direction establishing Division  
  • 99 ASIC may reconstitute Division  
  • 100 Effect of reconstituting Division  
  • 101 Multiple Divisions  

Division 3--Delegation by ASIC

  • 102 Delegation  

Division 4--Meetings of ASIC

  • 103 Times and places of meetings  
  • 105 Quorum  
  • 106 Who is to preside at meetings  
  • 107 Voting at meetings  
  • 107A Conduct of meetings  
  • 107B ASIC resolutions without meetings  

PART 5--ASIC----MEMBERS

Division 1--Terms and conditions

  • 108 Term of office as member  
  • 109 Term of office as Chairperson or Deputy Chairperson  
  • 110 Resignation  
  • 111 Termination of appointment  
  • 112 Remuneration and allowances etc.  
  • 113 Leave of absence  
  • 114 Superannuation arrangements  
  • 115 Other terms and conditions  

Division 2--Acting appointments

  • 116 Acting members  
  • 117 Acting Chairperson  
  • 118 Acting Deputy Chairperson  
  • 119 Limitation on appointments to act during vacancy  

Division 3--Delegation by members

  • 119A Delegation by members  

PART 6--ASIC----STAFF

  • 120 Staff  
  • 121 Consultants etc.  
  • 122 Staff seconded to ASIC  
  • 122A Senior staff member determination  

PART 6A--GIVING--INFORMATION ETC. TO APRA

  • 122B APRA may request information or documents  
  • 122C ASIC must comply with request  
  • 122D Information and documents covered by request  
  • 122E Notifying APRA of reasonable belief of material breach of APRA provisions  

PART 7--PREVENTING--CONFLICTS OF INTEREST AND MISUSE OF INFORMATION

Division 1--Disclosure of interests

  • 123 Members to disclose certain interests to Minister  
  • 125 Notification of interests to ASIC  
  • 126 Defence  
  • 126A Chairperson to ensure adequate disclosure of interest requirements for ASIC staff members  
  • 126B ASIC Code of Conduct  
  • 126C ASIC Values  

Division 2--Confidentiality

  • 127 Confidentiality  

PART 8--FINANCE--AND REPORTING REQUIREMENTS

Division 2--Reporting requirements

  • 136 Annual reports  

Division 3--Liability to taxation

Division 4--Transparency

PART 9--FINANCIAL--SERVICES AND CREDIT PANELS

Division 1--ASIC to convene panels

  • 139 ASIC to convene panels  

Division 2--Panel members

  • 140 Appointment of panel members  
  • 141 Minister may specify persons who are eligible to be appointed to panels  
  • 142 Disclosure of interests to ASIC  
  • 143 Remuneration  
  • 144 Resignation  
  • 145 Termination of appointment  
  • 146 Other terms and conditions  
  • 147 Application of finance law  

Division 3--Decisions of panels

Subdivision A--Decisions of panels at meetings
  • 148 Convening meetings  
  • 149 Presiding at meetings  
  • 150 Disclosure of interests to panels  
  • 151 Quorum  
  • 152 Voting at meetings  
  • 153 Participation in meetings etc.  
  • 154 Conduct of meetings  
  • 155 Minutes  
  • Subdivision B--Decisions of panels without meetings
  • 156 Decisions without meetings  

Division 4--Panel hearings

Subdivision A--General
  • 157 When hearings are to be held  
  • 158 Panels to take account of evidence and submissions  
  • Subdivision B--Hearing procedures
  • 159 Proceedings at hearings  
  • 159A Proceedings at hearings  
  • 160 Notice of hearings  
  • 161 Who may be present at hearings etc.  
  • 162 Appearance of affected persons at hearings  
  • 163 Affected persons may request hearings to be held in public  
  • 164 Representation at hearings  
  • 165 Power to require persons to appear and give evidence etc.  
  • 166 Allowances and expenses  
  • 167 Panels may restrict publication of certain material  
  • Subdivision C--Offences
  • 168 Contempt of panels  
  • 169 Giving false evidence  
  • 170 Failing to comply with certain requirements  
  • 171 Being present at hearings  
  • 171A Publication of restricted material  
  • Subdivision D--Other matters
  • 171B Reference to Court of question of law arising at hearing  
  • 171C Protection of panel members etc.  

Division 5--Information given to panel members

  • 171D Use and disclosure of information  

Division 6--Enforceable undertakings

  • 171E Variation, withdrawal and enforcement of undertakings given to Financial Services and Credit Panels  

Division 7--Electronic communication

  • 171F Electronic communication of documents  

PART 10--THE--TAKEOVERS PANEL

Division 1--General

  • 172 Membership  
  • 173 President  
  • 174 Functions and powers of Takeovers Panel  
  • 175 Term of office as member  
  • 176 Term of office as President  
  • 177 Resignation  
  • 178 Termination of appointment  
  • 179 Remuneration and allowances  
  • 180 Leave of absence  
  • 181 Other terms and conditions  
  • 182 Acting President  
  • 183 Annual report  

Division 2--Conduct of Takeovers Panel's business

  • 184 Constitution of Takeovers Panel in relation to particular matters  
  • 185 Disclosure of interests by members  
  • 186 Application of Division 2 of Part 7  

Division 3--Takeovers Panel proceedings

  • 187 Interpretation  
  • 188 Power to conduct proceedings  
  • 190 Takeovers Panel may restrict publication of certain material  
  • 192 Power to summon witnesses and take evidence  
  • 193 Quorum  
  • 194 Legal representation in proceedings before the Takeovers Panel  
  • 195 Procedure  
  • 197 Protection of members etc.  
  • 198 Non - compliance with requirements made under section 192  
  • 199 False evidence  
  • 200 Contempt of Takeovers Panel  
  • 201 Powers of Court where non - compliance with section 192  
  • 201A Undertakings to the Takeovers Panel  

PART 11--COMPANIES--AUDITORS DISCIPLINARY BOARD

Division 1--Constitution of Disciplinary Board

  • 203 Membership of Disciplinary Board  
  • 204 Functions and powers of Disciplinary Board  
  • 205 Term of office  
  • 206 Resignation from office  
  • 207 Termination of appointment  
  • 208 Acting Chairperson  
  • 208A Acting Deputy Chairperson  
  • 210 Meetings of the Disciplinary Board  
  • 210A Panel to be constituted to deal with application  
  • 210B Meetings of Panel of the Disciplinary Board  
  • 211 Disclosure of interests  
  • 212 Remuneration and allowances  
  • 213 Confidentiality  
  • 214 Annual report  

Division 2--Hearings by Disciplinary Board

PART 12--THE--AUSTRALIAN FINANCIAL REPORTING SYSTEM

  • 224 Main objects of this Part  

Division 1--The financial reporting system

Subdivision A--The Financial Reporting Council
  • 225 Functions and powers of the Financial Reporting Council  
  • 225A Financial Reporting Council's information gathering powers  
  • Subdivision B--The Australian Accounting Standards Board and the Office of the Australian Accounting Standards Board
  • 226 The Office of the Australian Accounting Standards Board  
  • 226A Office of the AASB's functions and powers  
  • 227 AASB's functions and powers  
  • Subdivision C--The Auditing and Assurance Standards Board and the Office of the Auditing and Assurance Standards Board
  • 227AA The Office of the Auditing and Assurance Standards Board  
  • 227AB Office of the AUASB's functions and powers  
  • 227A The Auditing and Assurance Standards Board  
  • 227B AUASB's functions and powers  

Division 2--Accounting standards and sustainability standards

  • 227C Scope of this Division  
  • 228 Purposive interpretation of standards  
  • 229 Generic and specific standards  
  • 230 Comparative amounts  
  • 231 Cost/benefit analysis  
  • 232 FRC views  
  • 233 International accounting standards  
  • 234 Validity of standards  

Division 2A--Auditing standards

  • 234A Purposive interpretation of standards  
  • 234B Generic and specific standards  
  • 234C FRC views  
  • 234D International auditing standards  
  • 234E Validity of auditing standards  

Division 3--Administrative provisions

Subdivision A--The Financial Reporting Council
  • 235A Membership of FRC  
  • 235AA Terms and conditions of appointment of FRC members  
  • 235B Annual report  
  • 235C Procedure  
  • Subdivision AA--The Office of the AASB
  • 235D Duties of the Chair of the AASB  
  • 235E Staff of the Office of the AASB  
  • 235F Consultants and persons seconded to the Office of the AASB  
  • 235G Office of the AASB to have regard to FRC's advice etc.  
  • 235H Chair not subject to direction by the AASB on certain matters  
  • Subdivision B--The Australian Accounting Standards Board
  • 236A Procedures  
  • 236AA AASB to have regard to FRC's advice etc.  
  • 236B Appointment of members of the AASB  
  • 236BA Terms and conditions of appointment of members of the AASB  
  • 236C Resignation and termination of appointment  
  • 236D Acting appointments  
  • 236DA Disclosure of interests  
  • Subdivision BAA--The Office of the AUASB
  • 236DB Duties of the Chair of the AUASB  
  • 236DC Staff of the Office of the AUASB  
  • 236DD Consultants and persons seconded to the Office of the AUASB  
  • 236DE Office of the AUASB to have regard to FRC's advice etc.  
  • 236DF Chair not subject to direction by the AUASB on certain matters  
  • Subdivision BA--The Auditing and Assurance Standards Board
  • 236E Procedures  
  • 236EA AUASB to have regard to FRC's advice etc.  
  • 236F Appointment of members of the AUASB  
  • 236FA Terms and conditions of appointment of members of the AUASB  
  • 236G Resignation and termination of appointment  
  • 236H Acting appointments  
  • 236J Disclosure of interests  
  • Subdivision C--Confidentiality
  • 237 Confidentiality  

PART 14--THE--PARLIAMENTARY JOINT COMMITTEE ON CORPORATIONS AND FINANCIAL SERVICES

  • 241 Membership  
  • 242 Powers and proceedings  
  • 243 Duties  

PART 15--MISCELLANEOUS

  • 243B Offences committed partly in and partly out of the jurisdiction  
  • 243C ASIC may publish internal dispute resolution data  
  • 243D Financial transaction reports  
  • 243E Suspicious matters reports under the Anti - Money Laundering and Counter - Terrorism Financing Act 2006  
  • 243F Treat the corporate director of a CCIV as providing financial services etc. being provided by the CCIV  
  • 244 Review by Administrative Appeals Tribunal of certain decisions  
  • 244A Notice of reviewable decision and review rights  
  • 246 Liability for damages  
  • 247 Duplicate seals  
  • 248 Judicial notice of ASIC's seal and members' signatures  
  • 249 Validation of agreements to employ staff or engage consultants  
  • 250 Compensation for compulsory acquisition  
  • 251 The regulations  

PART 16--TRANSITION--FROM THE OLD ASIC LEGISLATION

Division 1--Preliminary

  • 253 Object of Part  
  • 254 Definitions  
  • 255 Relationship of Part with State validation Acts  
  • 256 References to things taken or deemed to be the case etc.  
  • 257 Existence of several versions of the old ASIC legislation does not result in this Part operating to take the same thing to be done several times under the new ASIC legislation etc.  
  • 258 Penalty units in respect of pre - commencement conduct remain at $100  
  • 259 Ceasing to be a referring State does not affect previous operation of this Part  

Division 2--Carrying over bodies established etc. or persons appointed under the old ASIC Act

  • 260 Division has effect subject to Division 7 regulations  
  • 261 Carrying over bodies established under the old ASIC Act  
  • 262 Carrying over the Chairman and Deputy Chairman of the Financial Reporting Council  

Division 3--Carrying over the old ASIC Regulations

  • 263 Division has effect subject to Division 7 regulations  
  • 264 Old ASIC Regulations continue to have effect  

Division 4--Court proceedings and orders

Division 5--Functions and powers of ASIC

  • 270 Division has effect subject to Division 7 regulations  
  • 271 Non - federal proceedings etc.  
  • 272 NCSC's functions and powers  

Division 6--General transitional provisions relating to other things done etc. under the old ASIC legislation

Division 7--Regulations dealing with transitional matters

  • 285 Regulations may deal with transitional matters  

PART 17--TRANSITIONAL--PROVISIONS RELATING TO THE CORPORATE LAW ECONOMIC REFORM PROGRAM (AUDIT REFORM AND CORPORATE DISCLOSURE) ACT 2004

PART 18--TRANSITIONAL--PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (CORPORATE REPORTING REFORM) ACT 2010

PART 19--TRANSITIONAL--PROVISIONS RELATING TO THE CORPORATIONS LEGISLATION AMENDMENT (AUDIT ENHANCEMENT) ACT 2012

  • 292 Definitions  
  • 293 Amendments made by Part 1 of Schedule 2--final report on auditor independence functions  
  • 294 Application of amendments made by Parts 2 and 3 of Schedule 2  

PART 20--TRANSITIONAL--PROVISIONS RELATING TO THE CLEAN ENERGY LEGISLATION (CARBON TAX REPEAL) ACT 2014

  • 295 Definition  
  • 296 Transitional--carbon units issued before the designated carbon unit day  

PART 21--TRANSITIONAL--PROVISIONS RELATING TO THE CORPORATIONS LEGISLATION AMENDMENT (DEREGULATORY AND OTHER MEASURES) ACT 2015

PART 22--APPLICATION--PROVISION RELATING TO THE TREASURY LEGISLATION AMENDMENT (SMALL BUSINESS AND UNFAIR CONTRACT TERMS) ACT 2015

  • 301 Application  

PART 23--TRANSITIONAL--PROVISIONS RELATING TO THE INSOLVENCY LAW REFORM ACT 2016

PART 24--APPLICATION--PROVISION RELATING TO THE TREASURY LAWS AMENDMENT (2017 MEASURES NO. 1) ACT 2017

  • 308 Application  

PART 25--TRANSITIONAL--PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (ENHANCING ASIC'S CAPABILITIES) ACT 2018

PART 26--TRANSITIONAL--PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (ASIC GOVERNANCE) ACT 2018

  • 314A Saving of appointments  

PART 26A--APPLICATION--PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (AUSTRALIAN CONSUMER LAW REVIEW) ACT 2018

  • 315 Application--listed public companies  
  • 316 Application--power to obtain information, documents and evidence in relation to unfair contract terms  
  • 317 Application--consumer protection  
  • 318 Application--financial products  

PART 27--APPLICATION--AND TRANSITIONAL PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (STRENGTHENING CORPORATE AND FINANCIAL SECTOR PENALTIES) ACT 2019

PART 28--TRANSITIONAL--PROVISIONS RELATING TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE--STRONGER REGULATORS (2019 MEASURES)) ACT 2020

  • 324 Application of amendments--search warrant provisions  

PART 29--APPLICATION--PROVISIONS RELATING TO SCHEDULE 12 TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020

PART 29A--APPLICATION--PROVISIONS RELATING TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE--PROTECTING CONSUMERS (2019 MEASURES)) ACT 2020

  • 326A Application--unfair contract terms  

PART 30--APPLICATION--PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (2019 MEASURES NO. 3) ACT 2020

  • 327 Application--amounts of pecuniary penalties  
  • 328 Application--authorised disclosure to monitoring body  

PART 31--APPLICATION--AND TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 3 TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020

  • 329 Application--deferred sales model for add - on insurance  

PART 32--APPLICATION--AND TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 4 TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020

  • 330 Application--caps on commissions  

PART 33--TRANSITIONAL--PROVISION RELATING TO THE TREASURY LAWS AMENDMENT (2020 MEASURES NO. 6) ACT 2020

  • 331 Transitional--directions by Minister  

PART 34--APPLICATION--PROVISION RELATING TO SCHEDULE 1 TO THE FINANCIAL REGULATOR ASSESSMENT AUTHORITY (CONSEQUENTIAL AMENDMENTS AND TRANSITIONAL PROVISIONS) ACT 2021

  • 333 Application--confidentiality  

PART 36--APPLICATION--PROVISION RELATING TO THE TREASURY LAWS AMENDMENT (2021 MEASURES NO. 5) ACT 2021

  • 336 Application--reports of liquidators  

PART 37--APPLICATION--AND TRANSITIONAL PROVISIONS FOR THE TREASURY LAWS AMENDMENT (REGISTRIES MODERNISATION AND OTHER MEASURES) ACT 2020

PART 38--TRANSITIONAL--PROVISIONS RELATING TO THE FINANCIAL ACCOUNTABILITY REGIME (CONSEQUENTIAL AMENDMENTS) ACT 2023

  • 340 Application--confidentiality  
  • 341 Information to be included in ASIC's annual report  

PART 39--APPLICATION--PROVISIONS RELATING TO THE TREASURY LAWS AMENDMENT (MORE COMPETITION, BETTER PRICES) ACT 2022

PART 40--APPLICATION--AND TRANSITIONAL PROVISIONS RELATING TO THE ALRC FINANCIAL SERVICES INTERIM REPORTS

Division 1--Schedule 2 to the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023

Division 2--Schedules 1 and 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023

PART 41--APPLICATION--PROVISION RELATING TO SCHEDULE 6 TO THE TREASURY LAWS AMENDMENT (2023 LAW IMPROVEMENT PACKAGE NO. 1) ACT 2023

  • 345 Application--hearings held by a Panel of the Disciplinary Board  
  • 346 Application--claims handling and settling services  

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