Document ID: chunk:federal_register_of_legislation:C2025C00185:section:994f:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 994F (pt 2/3)
Character Range: 4182553–4185430

and 1101F.

Reporting complaint information to persons who make target market determinations
 (4) If the regulated person engages in the retail product distribution conduct during a reporting period specified under paragraph 994B(5)(g) (which relates to complaints), the regulated person must, as soon as practicable, but in any case within 10 business days, after the end of the reporting period, report in writing to the person who made the target market determination:
 (a) whether the regulated person received complaints in relation to the product during the reporting period; and
 (b) if the regulated person received such complaints—the number of complaints the regulated person received.
Note 1: Failure to comply with this subsection is an offence (see subsection 1311(1)).
Note 2: This subsection is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this subsection, see section 1317S.

Reporting other information to persons who make target market determinations
 (5) If:
 (a) under the target market determination for the financial product, the regulated person is required to report information of a specified kind to the person that made the determination (see subparagraph 994B(5)(h)(i)); and
 (b) the regulated person engages in the retail product distribution conduct in relation to the product during a reporting period for that kind of information;
the regulated person must, as soon as practicable, but in any case within 10 business days, after the end of the reporting period for information of that kind, report in writing to the person that made the determination:
 (c) all the information of that kind that the regulated person acquired during the reporting period; or
 (d) if the regulated person did not acquire information of that kind during the reporting period—that fact.
Note 1: Failure to comply with this subsection is an offence (see subsection 1311(1)).
Note 2: This subsection is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this subsection, see section 1317S.
 (6) If the regulated person:
 (a) becomes aware of a significant dealing in the product; and
 (b) becomes aware that the dealing is not consistent with the target market determination;
the regulated person must, as soon as practicable, and in any case within 10 business days, report the dealing, in writing, to the person who made the determination.
Note 1: Failure to comply with this subsection is an offence (see subsection 1311(1)).
Note 2: This subsection is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this subsection, see section 1317S.

Regulations
 (7) The regulations may impose requirements in relation to records relating to compliance with this Part.
 (8) A person contravenes