Queensland Consolidated Acts

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FINANCIAL INTERMEDIARIES ACT 1996 - SECT 12

12 Urgent standards

(1) If the registrar decides it is necessary, because of urgent circumstances, for a standard to be made without complying with section 11, the registrar may make the standard.

(2) If the registrar makes a decision under subsection (1), the registrar must immediately publish a copy of the decision in the gazette, together with a succinct statement of the reasons for making the decision.

(3) A standard made because of a decision under subsection (1) has effect for only—

(a) 120 days; or
(b) a lesser period stated in the standard.


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