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CORPORATIONS ACT 2001 - SECT 921W Electronic communication of documents given by Financial Services and Credit Panels etc.

CORPORATIONS ACT 2001 - SECT 921W

Electronic communication of documents given by Financial Services and Credit Panels etc.

  (1)   This section applies to any document that is required or permitted to be given to a person:

  (a)   by a Financial Services and Credit Panel, or the Chair of a Financial Services and Credit Panel, under a provision of this Act; or

  (b)   by ASIC under any of the following:

  (i)   Division   8A of this Part (Professional standards for relevant providers etc.);

  (ii)   this Division;

  (iii)   Division   8C of this Part (Registration of relevant providers);

  (iv)   Division   3 of Part   9.4AB (Infringement notices given by Financial Services and Credit Panels).

  (2)   The document may be given to the recipient by means of an electronic communication.

  (3)   The document may be given by giving the recipient (by means of an electronic communication or otherwise) sufficient information to allow the recipient to access the document electronically.

  (4)   However, an electronic communication or electronic access may only be used if, at the time the electronic communication is used or information about the electronic access is given:

  (a)   it is reasonable to expect that the document would be readily accessible so as to be useable for subsequent reference; and

  (b)   there is a nominated electronic address in relation to the recipient.

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