Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1226c
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1226C
Character Range: 88326–88885

1226C  ASIC may require further information about compliance plan
 (1) ASIC may give the corporate director of a retail CCIV a direction, in writing, to give ASIC information about the arrangements contained in the compliance plan. The direction must specify the period (which must be at least 14 days after the direction is given) within which the corporate director must give the information.
 (2) The corporate director must comply with the direction within the period specified.
 (3) An offence based on subsection (2) is an offence of strict liability.