Document ID: chunk:federal_register_of_legislation:C2006C00145:clause:1_3
Version: federal_register_of_legislation:C2006C00145
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 20499–21656

3  Subsection 1(2)
Repeal the subsection, substitute:

 (2) In performing its functions and exercising its powers, the Commission must strive to:
 (a) maintain, facilitate and improve the performance of the financial system and the entities within that system in the interests of commercial certainty, reducing business costs, and the efficiency and development of the economy; and
 (b) promote the confident and informed participation of investors and consumers in the financial system; and
 (c) achieve uniformity throughout Australia in how the Commission and its delegates perform those functions and exercise those powers; and
 (d) administer the laws that confer functions and powers on it effectively and with a minimum of procedural requirements; and
 (e) receive, process and store, efficiently and quickly, the information given to the Commission under the laws that confer functions and powers on it; and
 (f) ensure that information is available as soon as practicable for access by the public; and
 (g) take whatever action it can take, and is necessary, in order to enforce and give effect to the laws that confer functions and powers on it.