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CORPORATIONS ACT 2001 - SECT 853F

Obligations on disqualified individuals

             (1)  A disqualified individual must not become involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee.

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

             (2)  A disqualified individual who is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee must take all reasonable steps to ensure that he or she ceases to be involved in the licensee.

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

             (3)  A person contravenes this subsection if the person contravenes subsection (2).

Note:          This subsection is a civil penalty provision (see section 1317E).



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