Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:2_323eb
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 2 cl 323EB
Character Range: 275426–276284

323EB  Referral of financial report to Financial Reporting Panel

 (1) ASIC may refer the financial report to the Financial Reporting Panel under Subdivision B.

 (2) The lodging entity may refer the financial report to the Financial Reporting Panel under Subdivision C.

Note: The lodging entity may refer the report to the Financial Reporting Panel only with ASIC's consent.

 (3) If the financial report is referred to the Financial Reporting Panel under Subdivision B or C, the Panel must deal with the referral under Subdivision D.

 (4) To avoid doubt, the referral of the financial report to the Financial Reporting Panel does not prevent ASIC from initiating, or taking any further steps in relation to, proceedings against the lodging entity, or the lodging entity's directors, in relation to the financial report.

Subdivision B—Referral by ASIC