Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:3_79
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 3 cl 79
Character Range: 338587–339230

79  Subsection 823A(1)
Repeal the subsection, substitute:
 (1) If ASIC considers that a CS facility licensee is not complying or is not likely to comply with its obligations as a CS facility licensee under this Chapter (other than its obligations under paragraph 821A(1)(aa), section 821BA or subsection 821C(3)), ASIC may give the licensee a written direction:
 (a) to do specified things that ASIC believes will promote compliance by the licensee with those obligations; or
 (b) to refrain from doing specified things, if ASIC believes that refraining from doing those things will promote compliance by the licensee with those obligations.