Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_21
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 21
Character Range: 182190–182880

21  After paragraph 908BI(1)(a)
Insert:
 (aa) both of the following subparagraphs apply:
 (i) it has been at least 12 months since ASIC granted the licence;
 (ii) during the last 12 months, the licensee has not administered the financial benchmark specified in the licence; or
 (ab) all of the following subparagraphs apply:
 (i) it has been at least 12 months since ASIC granted the licence;
 (ii) the licence is subject to a condition specifying that the licensee is authorised to engage in specified conduct or activity that constitutes administering that financial benchmark;
 (iii) during the last 12 months, the licensee has not engaged in any such specified conduct or activity; or