AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 122E Notifying APRA of reasonable belief of material breach of APRA provisions
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 122E
Notifying APRA of reasonable belief of material breach of APRA provisions(1) Subsection (2) applies if ASIC has a reasonable belief that a material breach of a legislative provision of which APRA has the general administration may have occurred, or may be occurring.
(2) ASIC must notify APRA of that reasonable belief as soon as
practicable.