Document ID: chunk:federal_register_of_legislation:C2025C00148:section:36
Version: federal_register_of_legislation:C2025C00148
Segment Type: section
Provision Reference: s 36
Character Range: 66585–67943

36  Administration of this Act
 (1) Subject to this section, APRA and ASIC each have the general administration of this Act.
Note: See the definition of Regulator in section 8.
 (2) ASIC is to perform functions, and exercise powers, under the provisions specified in column 1 of the table, only in relation to the following:
 (a) accountable entities that hold an Australian financial services licence (within the meaning of the Corporations Act 2001) or an Australian credit licence (within the meaning of the National Consumer Credit Protection Act 2009);
 (b) significant related entities of accountable entities covered by paragraph (a);
 (c) accountable persons of accountable entities covered by paragraph (a) or of significant related entities covered by paragraph (b).
However, a failure to comply with this subsection does not invalidate the performance of a function, or the exercise of a power, by ASIC.

Provisions under which ASIC has limited functions and powers
                                                              Column 1                                                                                                            Column 2

Item                                                          Provision                                                                                                           Subject matter