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CORPORATIONS ACT 2001 - SECT 792F

Annual report

             (1)  A market licensee must, within 3 months after the end of its financial year, give ASIC an annual report on the extent to which the licensee complied with its obligations as a market licensee under this Chapter.

Note:          Failure to comply with this subsection is an offence (see subsection 1311(1)).

             (2)  The licensee must ensure that the annual report is accompanied by any information and statements prescribed by regulations made for the purposes of this subsection.

Note:          Failure to comply with this subsection is an offence (see subsection 1311(1)).

             (3)  The licensee must also ensure that the annual report is accompanied by any audit report that the Minister requires under subsection (4).

Note:          Failure to comply with this subsection is an offence (see subsection 1311(1)).

             (4)  The Minister may, by giving written notice to a market licensee, require the licensee to obtain an audit report on the annual report and on any information or statements accompanying it. The Minister must nominate to prepare the audit report:

                     (a)  ASIC; or

                     (b)  a specified person or body that is suitably qualified.

             (5)  ASIC must give the annual report and accompanying material to the Minister.



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