Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:3_12
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 3 cl 12
Character Range: 137116–138081

12  After subsection 1296(1A)
Insert:

 (1B) If the Board:
 (a) decides to exercise any of its powers under section 1292 in relation to a person; or
 (b) decides that it is required to make an order under subsection 1292(7) in relation to a person;
then, in addition to meeting the requirements of subsection (1), the Board may take such steps as it considers reasonable and appropriate to publicise:
 (c) the decision; and
 (d) the reasons for the decision.
Without limiting this, the Board may make the decision and reasons available on the Internet.

 (1C) If:
 (a) the Board decides to exercise the power under section 1292, or makes the order under subsection 1292(7), on the basis of particular conduct engaged in by the person; and
 (b) the person engaged in that conduct in the course of participating in the conduct of an audit on behalf of an audit firm or audit company;
a publication under subsection (1B) may identify the audit firm or audit company.