(1) A body corporate may apply for an Australian CS facility licence by lodging with ASIC an application that:
(a) includes the information required by regulations made for the purposes of this paragraph; and
(b) is accompanied by the documents (if any) required by regulations made for the purposes of this paragraph.
Note: For fees in respect of lodging applications, see Part 9.10.
(2) ASIC must, within a reasonable time, give the application to the Minister with advice about the application.