Document ID: chunk:federal_register_of_legislation:C2012A00067:clause:1_962ca
Version: federal_register_of_legislation:C2012A00067
Segment Type: clause
Provision Reference: sch 1 cl 962CA
Character Range: 9813–10621

962CA  Exemption from application of opt‑in requirement
 (1) ASIC may exempt a person, or a class of persons, from section 962K (the opt‑in requirement), if ASIC is satisfied that the person is, or persons of that class are, bound by a code of conduct approved by ASIC for the purposes of this section.
 (2) A code of conduct is approved by ASIC for the purposes of this section if:
 (a) the code of conduct is approved by ASIC under section 1101A; and
 (b) ASIC is satisfied that the code of conduct obviates the need for persons bound by the code to be bound by the opt‑in requirement; and
 (c) ASIC is satisfied of any other matters prescribed by the regulations.
 (3) The exemption must be in writing and ASIC must publish notice of it in the Gazette.

Subdivision B—Termination, disclosure and renewal