CORPORATIONS ACT 2001 - SECT 1545 Transitional--immediate cancellation of Australian financial services licences

CORPORATIONS ACT 2001 - SECT 1545

    Section   915B applies, on and after the designated carbon unit day, as if the following subsection was added at the end of the section:

Licence relating to carbon units

  (5)   ASIC may cancel an Australian financial services licence held by a person, by giving written notice to the person, if the licence only authorises the person to provide financial services that relate to financial products that are carbon units.