Document ID: chunk:federal_register_of_legislation:C2025C00185:section:820c:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 820C (pt 2/2)
Character Range: 3142632–3143777

subparagraph); or
 (b) revoke an exemption given under subsection (7).
 (10) However, ASIC may only take action under subsection (9) after:
 (a) giving notice, and an opportunity to make submissions on the proposed action, to:
 (i) if paragraph (7)(a) applies—the operator of each clearing and settlement facility known by ASIC to be covered by the exemption; or
 (ii) if paragraph (7)(b) applies—each person known by ASIC to be covered by the exemption; and
 (b) both:
 (i) a notice has been published on ASIC's website allowing a reasonable period within which the operator of each clearing and settlement facility covered by the exemption, or each person covered by the exemption, (as applicable) may make submissions on the proposed action; and
 (ii) that period has ended.

Provisions of this Part to which this section does not apply
 (11) Subsection (1) or (7) does not apply to the following provisions of this Part:
 (a) paragraph 821A(1)(aa) or (ab);
 (b) a standard determined under section 827D or 827DA.
Note: For exemptions from paragraph 821A(1)(aa) or (ab) or a standard determined under section 827D or 827DA, see section 820CA.