Document ID: chunk:federal_register_of_legislation:C2018A00027:clause:1_908bb
Version: federal_register_of_legislation:C2018A00027
Segment Type: clause
Provision Reference: sch 1 cl 908BB
Character Range: 10500–11151

908BB  Other prohibitions on holding out
  A person commits an offence if:
 (a) in Australia, the person holds out that:
 (i) the person holds a benchmark administrator licence; or
 (ii) the administration of a financial benchmark by the person is authorised by a benchmark administrator licence; or
 (iii) a financial benchmark is specified in a benchmark administrator licence; or
 (iv) a financial benchmark is a significant financial benchmark; or
 (v) a financial benchmark is not a significant financial benchmark; and
 (b) this is not the case.
Penalty: 500 penalty units or imprisonment for 5 years, or both.

Subdivision B—Granting licences