Document ID: chunk:federal_register_of_legislation:C2022C00218:clause:1_90
Version: federal_register_of_legislation:C2022C00218
Segment Type: clause
Provision Reference: sch 1 cl 90
Character Range: 106894–107520

90  After subsection 1317J(1)
Insert:
 (1A) However, ASIC must not make an application under subsection (1) in relation to an alleged contravention of a restricted civil penalty provision unless:
 (a) a Financial Services and Credit Panel has given ASIC a notice under subsection 921Q(1) in relation to the alleged contravention; or
 (b) both of the following apply:
 (i) a Financial Services and Credit Panel has given a person an infringement notice for the alleged contravention;
 (ii) the person has not paid the amount that is payable under the infringement notice within the payment period for the infringement notice.