Document ID: chunk:federal_register_of_legislation:C2018A00027:clause:1_908bx
Version: federal_register_of_legislation:C2018A00027
Segment Type: clause
Provision Reference: sch 1 cl 908BX
Character Range: 29742–30496

908BX  Basis of licences
 (1) A benchmark administrator licence is granted under this Part on the basis that:
 (a) the licence may be varied, suspended or cancelled, or made subject to conditions (or additional conditions), by or under:
 (i) this Division; or
 (ii) later legislation; and
 (b) no compensation is payable if the licence is varied, suspended or cancelled, or made subject to conditions (or additional conditions), as mentioned in paragraph (a).
 (2) Subsection (1) does not, by implication, affect the interpretation of any other provision:
 (a) of this Act; or
 (b) of an instrument made under this Act.

Division 3—Financial benchmark rules and compelled financial benchmark rules

Subdivision A—Power to make financial benchmark rules