Section 912DB — Corporations Act 2001 (Cth)

(1) If a financial services licensee does not provide a financial service covered by the licence before the end of 6 months after the licence is granted, the licensee must lodge a notification with ASIC:

(a) in the prescribed form; and

(b) before the end of 15 business days after the end of the 6 months.

Note: Failure to comply with this subsection is an offence: see subsection 1311(1).

(2) An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.

Related sections

• s 912DAC — Obligation to give notice—participants in licensed market or licensed CS facility
• s 912DAD — ASIC must publish details of certain reports
• s 912DA — Obligation to notify ASIC of change in control
• s 912E — Surveillance checks by ASIC
• s 912EA — Reporting to clients affected by a reportable situation
• s 912EB — Obligation to investigate reportable situations that may affect clients

Research how courts apply s 912DB

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