Document ID: chunk:federal_register_of_legislation:C2025C00185:section:994g
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 994G
Character Range: 4185826–4186654

994G  Notice to ASIC
  If:
 (a) a person makes a target market determination for a financial product; and
 (b) the person becomes aware of a significant dealing in the product in relation to a retail client (except a dealing of a kind referred to in paragraph (a) of the definition of excluded conduct in subsection 994A(1)); and
 (c) the person becomes aware that the dealing is not consistent with the determination;
the person must give written notice to ASIC as soon as practicable, and in any case within 10 business days, after becoming so aware.
Note 1: Failure to comply with this section is an offence (see subsection 1311(1)).
Note 2: This section is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this section, see section 1317S.

Division 4—ASIC powers