Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 908BB

    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.