Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 908BP

General obligations

                   A benchmark administrator licensee must:

                     (a)  comply with the conditions on the licence; and

                     (b)  if the licensee is a foreign body corporate--be registered under Division 2 of Part 5B.2; and

                     (c)  take all reasonable steps to ensure that no disqualified individual becomes, or remains, involved in the administration of the financial benchmark specified in the licence.

Note:          The licensee also needs to comply with the rules made under Division 3 (see section 908CF).



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