Section 921ZF — Corporations Act 2001 (Cth)

(1) ASIC may arrange for the use, under ASIC’s control, of processes to assist decision making (such as computer applications and systems) for any purposes for which ASIC may make decisions in the performance or exercise of ASIC’s functions or powers under this Division.

(2) A decision the making of which is assisted by the operation of such a process under an arrangement made under subsection (1) is taken to be a decision made by ASIC.

(3) ASIC may substitute a decision for a decision (the initial decision) the making of which is assisted by the operation of such a process under an arrangement under subsection (1) if ASIC is satisfied that the initial decision is incorrect.

Related sections

• s 921ZC — Registration of relevant providers
• s 921ZD — Period of registration—relevant providers who are financial services licensees
• s 921ZE — Period of registration—relevant providers who are registered in relation to financial services licensees
• s 922A — Registers relating to financial services
• s 922B — Fees for searching registers
• s 922D — Obligation to notify ASIC about a person who becomes a relevant provider

Research how courts apply s 921ZF

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.