Regulations may deal with how money to be dealt with if licensee ceases to be licensed etc.
The regulations may include provisions dealing with how money in an account maintained for the purposes of section 981B, or an investment of such money, is to be dealt with if: (a) the licensee ceases to be a financial services licensee; or (b) the licensee becomes insolvent, within the meaning of the regulations; or (c) the licensee merges with another financial services licensee; or (d) the licensee ceases to carry on some or all of the activities authorised by their licence.
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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