Document ID: chunk:federal_register_of_legislation:C2019A00050:clause:1_994g
Version: federal_register_of_legislation:C2019A00050
Segment Type: clause
Provision Reference: sch 1 cl 994G
Character Range: 34551–35290

994G  Notice to ASIC
  If:
 (a) a person makes a target market determination for a financial product; and
 (b) the person becomes aware of a significant dealing in the product in relation to a retail client (except an excluded dealing); and
 (c) the person becomes aware that the dealing is not consistent with the determination;
the person must give written notice to ASIC as soon as practicable, and in any case within 10 business days, after becoming so aware.
Note 1: Failure to comply with this section is an offence (see subsection 1311(1)).
Note 2: This section is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this section, see section 1317S.

Division 4—ASIC powers