Document ID: chunk:federal_register_of_legislation:C2025C00185:section:742:p15
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 742 (pt 15/24)
Character Range: 2941719–2944922

Subdivision A—General obligations
912A General obligations
912B Arrangements for compensation if financial services provided to persons as retail clients
Subdivision B—Providing information and assistance to ASIC
912C Direction to provide a statement
912CA Regulations may require information to be provided
912D Meaning of reportable situation
912DAA Obligation to lodge a report—reportable situations in relation to the financial services licensee
912DAB Obligation to lodge a report—reportable situations in relation to other financial services licensees
912DAC Obligation to give notice—participants in licensed market or licensed CS facility
912DAD ASIC must publish details of certain reports
912DA Obligation to notify ASIC of change in control
912DB Obligation to notify ASIC if licensee does not provide financial service
912E Surveillance checks by ASIC
Subdivision C—Notifying and remediating clients affected by reportable situations
912EA Reporting to clients affected by a reportable situation
912EB Obligation to investigate reportable situations that may affect clients
912EC Obligation to keep records of compliance
Subdivision D—Miscellaneous
912F Obligation to cite licence number in documents
Division 4—Australian financial services licences
Subdivision A—How to get a licence
913A Applying for a licence
913B When a licence may be granted
913BA Fit and proper person test
913BB Fit and proper person test—matters to which ASIC must have regard
913C Licence numbers
Subdivision B—The conditions on the licence
914A The conditions on the licence
914B ASIC may request information etc. in relation to an application for conditions to be varied
Subdivision C—When a licence can be varied, suspended or cancelled
915A Varying licences
915B Immediate suspension or cancellation
915C Suspension or cancellation after offering a hearing
915D Effect of suspension
915E Revocation of suspension
915F Date of effect and publication of cancellation or suspension
915G Statement of reasons
915H ASIC may allow licence to continue in effect
915I Special procedures for APRA‑regulated bodies
915J Variation, suspension and cancellation only under this Subdivision
Division 5—Authorised representatives
916A How representatives are authorised
916B Sub‑authorisations
916C Authorised representative of 2 or more licensees
916D Licensees cannot authorise other licensees
916E Licensees acting under a binder
916F Obligation to notify ASIC etc. about authorised representatives
916G ASIC may give licensee information about representatives
Division 6—Liability of financial services licensees for representatives
917A Application of Division
917B Responsibility if representative of only one licensee
917C Representatives of multiple licensees
917D Exception if lack of authority is disclosed to client
917E Responsibility extends to loss or damage suffered by client
917F Effect of Division
Division 8—Banning or disqualification of persons from providing financial services
Subdivision A—Banning orders
920A ASIC's power to make a banning order
920B What a banning order prohibits
920C Effect of banning orders
920D Variation or cancellation of banning orders
920E Date of effect and publication of