Document ID: chunk:federal_register_of_legislation:C2020A00135:clause:12_122c
Version: federal_register_of_legislation:C2020A00135
Segment Type: clause
Provision Reference: sch 12 cl 122C
Character Range: 222636–223455

122C  ASIC must comply with request
 (1) If APRA gives ASIC a request under section 122B, ASIC must comply with the request as soon as practicable.
 (2) ASIC need not notify any person (other than APRA) that it plans to comply with subsection (1), or has complied with that subsection.
 (3) Despite subsection (1), ASIC need not comply with the request if:
 (a) the Chairperson makes a determination under subsection (4); and
 (b) the Chairperson gives a copy of the determination to APRA.
 (4) The Chairperson may determine, in writing, that ASIC need not comply with the request if the Chairperson considers that complying with the request would compromise the proper functioning of ASIC.
 (5) The Chairperson's power to make a determination under subsection (4) may only be exercised by the Chairperson personally.