Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:3_12
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 3 cl 12
Character Range: 328463–329002

12  Subsection 794A(1)
Repeal the subsection, substitute:
 (1) If ASIC considers that a market licensee is not complying or is not likely to comply with its obligations as a market licensee under this Chapter, ASIC may give the licensee a written direction:
 (a) to do specified things that ASIC believes will promote compliance by the licensee with those obligations; or
 (b) to refrain from doing specified things, if ASIC believes that refraining from doing those things will promote compliance by the licensee with those obligations.