Obligation to notify ASIC in respect of breach
(1) A person must give written notice to ASIC, as soon as practicable, if the person becomes aware that the person may no longer be able to meet, or has breached, an obligation under section 828C. Note: Failure to comply with this subsection is an offence (see subsection 1311(1)). (2) A person contravenes this subsection if the person contravenes subsection (1). Note: This subsection is a civil penalty provision (see section 1317E). (3) If ASIC receives a notice under subsection (1), ASIC may give the Minister advice about the matter to which the notice relates.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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