Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1226
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1226
Character Range: 86928–87528

1226  Requirement for compliance plan
 (1) A retail CCIV must have a compliance plan.
Note: A copy of the compliance plan must be lodged with ASIC with the application to register a CCIV that is to be a retail CCIV: see subsection 1222A(6).
 (2) A wholesale CCIV is not required to have a compliance plan.
 (3) A CCIV must lodge a copy of its compliance plan with ASIC within 14 days of becoming a retail CCIV. The copy must be signed by all the directors of the corporate director.
Note: Section 1222J defines retail CCIV.
 (4) An offence based on subsection (3) is an offence of strict liability.