Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p101
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 101/148)
Character Range: 584730–587442

which to comply with the infringement notice, and the application is granted, the compliance period ends at the end of the further period allowed.
 (4) If the recipient applies for a further period of time in which to comply with the infringement notice, and the application is refused, the compliance period ends on the later of:
 (a) 28 days after the day on which the infringement notice was given to the recipient; and
 (b) 7 days after the notice of refusal is given to the recipient.
 (5) If the recipient applies for the infringement notice to be withdrawn, and the application is refused, the compliance period ends 28 days after the notice of refusal is given to the recipient.

7.2A.09  Extension of compliance period
 (1) During the compliance period, a recipient may apply, in writing, to ASIC for a further period of no more than 28 days in which to comply with the infringement notice.
 (2) The application must:
 (a) specify the infringement notice's unique identification code; and
 (b) set out the reasons for the application.
 (3) Within 14 days after receiving the application, ASIC must:
 (a) grant or refuse a further period no longer than the period sought (and no more than 28 days); and
 (b) notify the recipient in writing of the decision and, if the decision is a refusal, the reasons for the decision.
 (4) If ASIC refuses a further period under paragraph (3)(a), the recipient may not make a further application under subregulation (1) in relation to that infringement notice.
 (5) If ASIC has not granted or refused a further period under paragraph (3)(a) within 14 days after receiving the application, ASIC is taken to have refused a further period.

7.2A.10  Effect of compliance with infringement notice
 (1) Subject to subregulation (3), if:
 (a) an infringement notice is given to a recipient in relation to an alleged contravention of subsection 798H(1) of the Act; and
 (b) the infringement notice is not withdrawn; and
 (c) the recipient complies with the infringement notice;
the effects in subregulation (2) apply.
 (2) The effects are:
 (a) any liability of the recipient to the Commonwealth for the alleged contravention of subsection 798H(1) of the Act is discharged; and
 (b) no civil or criminal proceedings may be brought or continued by the Commonwealth against the recipient for the conduct specified in the infringement notice as being the conduct that made up the alleged contravention of subsection 798H(1) of the Act; and
 (c) no administrative action may be taken by ASIC under section 914A, 915B, 915C or 920A of the Act against the recipient for the conduct specified in the infringement notice as being the conduct that made up the alleged contravention of