(1) Within one business day after the happening of an event constituting a
contravention of a condition of a licence held by a corporation, the licensee
must give to:
- (a)
- ASIC; and
- (b)
- each futures organisation of which the licensee is a member;
a written notice setting out particulars of the event.
(2) It is a defence to a prosecution for failing to give a particular notice
to a person as required by this section if it is proved that:
- (a)
- when the
requirement arose, the defendant was unaware of the event that gave rise to
the requirement; and
- (b)
- the defendant:
- (i)
- did not become aware of the event before the date of the information; or
- (ii)
- did become so aware before that date but gave the notice to that person
as soon as reasonably practicable after becoming so aware.
Commonwealth Numbered Acts