Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:3_81
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 3 cl 81
Character Range: 339294–339787

81  At the end of section 823A
Add:
 (5) If, at any time after the licensee receives a direction, the licensee requests in writing that ASIC refer the matter to the Minister, ASIC must do so immediately.
 (6) The Minister may, if the Minister considers it appropriate after being referred the matter, direct ASIC to vary or revoke the direction.
 (7) ASIC must immediately comply with the direction under subsection (6).
 (8) A direction under subsection (6) is not a legislative instrument.