Copy of instrument to be given to affected person etc.
(1) If, under subsection 921K(1), a Financial Services and Credit Panel makes an instrument in relation to a person (the affected person), the panel must: (a) give a copy of the instrument to the affected person; and (b) at the same time, give a copy of the instrument to: (i) ASIC; and (ii) if the affected person is authorised to provide personal advice to retail clients, on behalf of a financial services licensee, in relation to relevant financial products—the licensee; and (c) at the same time, give the affected person a written notice informing the affected person of their right to make an application under subsection 921N(3) in relation to the instrument. Note: ASIC must enter details of certain instruments in the Register of Relevant Providers (see paragraph 922Q(2)(uc)). (2) A copy of an instrument given to a person under paragraph (1)(a) or (b) must be accompanied by a statement of reasons for the decision to make the instrument. (3) A failure to comply with subsection (1) or (2) in relation to an instrument does not affect the validity of the instrument.
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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