Section 908CF — Corporations Act 2001 (Cth)

(1) A person (whether a benchmark administrator licensee or otherwise) must comply with:

(a) provisions of the financial benchmark rules; and

(b) provisions of the compelled financial benchmark rules;

that apply to the person.

Note 1: This subsection is a civil penalty provision (see section 1317E). For the maximum penalty for contravening a civil penalty provision, see section 1317G. For relief from liability to a civil penalty relating to this subsection, see section 1317S.

Note 2: The regulations may limit the persons on whom each set of rules may impose requirements (see section 908CP).

(2) If there is an inconsistency between the financial benchmark rules and the compelled financial benchmark rules, the compelled financial benchmark rules prevail to the extent of the inconsistency.

(3) If there is an inconsistency between any of the rules made under this Division and any of the other rules made under other provisions of this Chapter, those other rules prevail to the extent of the inconsistency.

Related sections

• s 908CC — Other permitted matters that may be dealt with in the rules
• s 908CD — ASIC may make compelled financial benchmark rules
• s 908CE — Permitted powers and matters that may be dealt with in the rules
• s 908CG — Alternatives to civil proceedings
• s 908CH — Infringement notices
• s 908CI — Enforceable undertakings

Research how courts apply s 908CF

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