Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4:p37
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4 (pt 37/49)
Character Range: 1074683–1077524

(a) the name and address of the recipient;
 (b) the date the infringement notice was given;
 (c) the infringement notice's unique identification code.
 (2) The notice must also state that the client money reporting infringement notice is withdrawn.

7.8.05P  Withdrawal of notice after compliance
 (1) ASIC may withdraw a client money reporting infringement notice after the recipient has complied with the infringement notice only if the recipient agrees, in writing, to the withdrawal.
 (2) If a client money reporting infringement notice is withdrawn after the penalty specified in it (if any) has been paid, the Commonwealth must refund the amount of the penalty to the person who paid it.
 (3) If a client money reporting infringement notice is withdrawn after the recipient has complied with a requirement specified in the infringement notice:
 (a) to undertake or institute remedial measures; or
 (b) to accept sanctions other than a payment of a penalty to the Commonwealth; or
 (c) to give an undertaking;
the remedial measures, sanctions or undertaking are taken to no longer be enforceable by ASIC.

7.8.05Q  Publication of details of client money reporting infringement notice
 (1) If ASIC gives a client money reporting infringement notice to a recipient, ASIC may, at the end of the client money reporting infringement notice period, publish details of the infringement notice.
 (2) If ASIC decides to publish details of the client money reporting infringement notice, ASIC must publish the details in accordance with either or both of subregulations (3) and (4).
 (3) ASIC may publish details of a client money reporting infringement notice by publishing in the Gazette:
 (a) a copy of the infringement notice; and
 (b) a statement as to whether the recipient has complied with the infringement notice; and
 (c) if the recipient has complied with the infringement notice—a statement that:
 (i) compliance is not an admission of guilt or liability; and
 (ii) the recipient is not regarded as having contravened a client money reporting rule; and
 (d) if the recipient has not complied with the infringement notice—a statement that:
 (i) the giving of an infringement notice to a recipient is only an allegation that the recipient has contravened a client money reporting rule; and
 (ii) the recipient is not regarded as having contravened the client money reporting rule or rules specified in the infringement notice.
 (4) ASIC may publish details of a client money reporting infringement notice by issuing a written or oral statement that includes:
 (a) an accurate summary of the details of the infringement notice, including:
 (i) the name of the recipient; and
 (ii) the amount of the penalty specified in the infringement notice (if any); and
 (iii) the remedial measures specified in the infringement notice (if any); and