Document ID: chunk:federal_register_of_legislation:C2018A00061:clause:2_601pbc:p2
Version: federal_register_of_legislation:C2018A00061
Segment Type: clause
Provision Reference: sch 2 cl 601PBC (pt 2/2)
Character Range: 113335–114309

The notice must specify:
 (a) the grounds on which it is proposed to deregister the fund as a registered scheme; and
 (b) a reasonable time and place at which the hearing is to be held.
However, if the operator consents, the person conducting the hearing may fix a different time or place.
 (6) The person conducting the hearing must:
 (a) give the operator an opportunity to be heard at the hearing; and
 (b) give ASIC:
 (i) a report about the hearing; and
 (ii) a recommendation about the grounds in the notice on which it is proposed to deregister the fund as a registered scheme.
 (7) After considering the report and recommendation, ASIC may:
 (a) decide to take no further action in relation to the matter and give written advice of that decision to the operator; or
 (b) deregister the fund as a registered scheme.
 (8) Neither of the following is a legislative instrument:
 (a) a notice under subsection (4);
 (b) a report under subsection (6) (if it is in writing).