Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_981f
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 981F
Character Range: 452971–453561

981F  Regulations may deal with how money to be dealt with if licensee ceases to be licensed etc.

  The regulations may include provisions dealing with how money in an account maintained for the purposes of section 981B, or an investment of such money, is to be dealt with if:
 (a) the licensee ceases to be a financial services licensee; or
 (b) the licensee becomes insolvent, within the meaning of the regulations; or
 (c) the licensee merges with another financial services licensee; or
 (d) the licensee ceases to carry on some or all of the activities authorised by their licence.