Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 908BB

Other prohibitions on holding out

                   A person commits an offence if:

                     (a)  in Australia, the person holds out that:

                              (i)  the person holds a benchmark administrator licence; or

                             (ii)  the administration of a financial benchmark by the person is authorised by a benchmark administrator licence; or

                            (iii)  a financial benchmark is specified in a benchmark administrator licence; or

                            (iv)  a financial benchmark is a significant financial benchmark; or

                             (v)  a financial benchmark is not a significant financial benchmark; and

                     (b)  this is not the case.

Penalty:  5 years imprisonment.



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