Document ID: chunk:federal_register_of_legislation:C2025C00185:section:826m
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 826M
Character Range: 3229981–3230872

826M  ASIC to consult before making rules
 (1) ASIC must not make a CS facility rule unless ASIC:
 (a) has consulted the public about the proposed rule; and
 (b) has also consulted the following about the proposed rule:
 (i) the Reserve Bank;
 (ii) any other person or body prescribed by the regulations for the purposes of this subparagraph.
Note: In some situations, consultation is not required: see sections 826P and 826Q.
 (2) Without limiting the ways in which ASIC may comply with the obligation in paragraph (1)(a) to consult the public about a proposed rule, ASIC is taken to comply with that obligation if ASIC, on its website:
 (a) makes the proposed rule, or a description of the content of the proposed rule, available; and
 (b) invites the public to comment on the proposed rule.
 (3) A failure to consult as required by subsection (1) does not invalidate a CS facility rule.