Document ID: chunk:federal_register_of_legislation:C2025C00185:section:908bx
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 908BX
Character Range: 3607446–3608200

908BX  Basis of licences
 (1) A benchmark administrator licence is granted under this Part on the basis that:
 (a) the licence may be varied, suspended or cancelled, or made subject to conditions (or additional conditions), by or under:
 (i) this Division; or
 (ii) later legislation; and
 (b) no compensation is payable if the licence is varied, suspended or cancelled, or made subject to conditions (or additional conditions), as mentioned in paragraph (a).
 (2) Subsection (1) does not, by implication, affect the interpretation of any other provision:
 (a) of this Act; or
 (b) of an instrument made under this Act.

Division 3—Financial benchmark rules and compelled financial benchmark rules

Subdivision A—Power to make financial benchmark rules