Document ID: chunk:federal_register_of_legislation:C2020A00003:clause:3_912db
Version: federal_register_of_legislation:C2020A00003
Segment Type: clause
Provision Reference: sch 3 cl 912DB
Character Range: 36768–37383

912DB  Obligation to notify ASIC if licensee does not provide financial service
 (1) If a financial services licensee does not provide a financial service covered by the licence before the end of 6 months after the licence is granted, the licensee must lodge a notification with ASIC:
 (a) in the prescribed form; and
 (b) before the end of 15 business days after the end of the 6 months.
Note: Failure to comply with this subsection is an offence: see subsection 1311(1).
 (2) An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.