Queensland Consolidated Acts

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FINANCIAL INTERMEDIARIES ACT 1996 - SECT 11

11 Procedures before making of standards

(1) A standard may be made only if this section or section 12 is complied with.

(2) The registrar must, not later than 60 days before the making of the standard, publish a notice in the gazette, and in a newspaper circulating generally in the State, explaining succinctly the purpose, and intended operation, of the standard.

(3) The notice must invite—

(a) written suggestions on the proposed standard to be given to the registrar within 30 days after publication of the gazette notice; and
(b) written comments on the suggestions to be given to the registrar within 21 days after the end of the period of 30 days.

(4) The registrar must—

(a) make copies of each suggestion and comment given to the registrar available for inspection and purchase at the registrar's public office; and
(b) take reasonable steps to ensure that copies of each suggestion and comment given to the registrar are available for inspection and purchase at the registrar's public office.

(5) The registrar must comply with subsection (4) for a suggestion or comment as soon as practicable after the suggestion or comment is given.

(6) The registrar must consider all suggestions and comments given before making the standard, and may change the proposed standard to take account of suggestions and comments.

(7) Contravention of this section for a standard does not affect the validity of the standard.



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