Document ID: chunk:federal_register_of_legislation:C2025C00185:section:981l
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 981L
Character Range: 4079927–4080558

981L  ASIC to consult before making rules
 (1) ASIC must not make a client money reporting rule unless ASIC has consulted the public about the proposed rule.
 (2) Without limiting the ways in which ASIC may comply with the obligation in subsection (1) to consult the public about a proposed rule, ASIC is taken to comply with that obligation if ASIC, on its website:
 (a) makes the proposed rule, or a description of the content of the proposed rule, available; and
 (b) invites the public to comment on the proposed rule.
 (3) A failure to consult as required by subsection (1) does not invalidate a client money reporting rule.