Document ID: chunk:federal_register_of_legislation:C2025C00185:section:908bw
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 908BW
Character Range: 3603916–3605316

908BW  ASIC may assess licensee's compliance
 (1) ASIC may do an assessment of how well a benchmark administrator licensee is complying with one or more of its obligations:
 (a) under this Part; or
 (b) under rules made under Division 3.
In doing the assessment, ASIC may take account of any information and reports that it thinks appropriate.
 (2) As soon as practicable after doing an assessment under this section, ASIC must give a written report on the assessment to the licensee.
 (3) If an assessment, or part of an assessment, relates to any other person's affairs to a material extent, ASIC may, at the person's request or on its own initiative, give the person a copy of the report on the assessment or the relevant part of the report.
 (4) If an assessment, or part of an assessment, relates to a serious contravention of a law of the Commonwealth or of a State or Territory, ASIC may give a copy of the report on the assessment, or the relevant part of the report, to:
 (a) the Australian Federal Police; or
 (b) the Chief Executive Officer of the Australian Crime Commission or a member of the staff of the ACC (within the meaning of the Australian Crime Commission Act 2002); or
 (c) the Director of Public Prosecutions; or
 (d) a person or body prescribed by the regulations for the purposes of this paragraph.
 (5) ASIC may publish all or part of the written report on an assessment.