Section 981J — Corporations Act 2001 (Cth)

(1) ASIC may, by legislative instrument, make rules (the client money reporting rules) dealing with matters as permitted by this Subdivision, for purposes relating to derivative retail client money.

(2) The regulations may provide that the client money reporting rules:

(a) cannot impose requirements (or certain kinds of requirements) in relation to certain classes of persons or money; or

(b) can only impose requirements (or certain kinds of requirements) in relation to certain classes of persons or money in certain circumstances.

Related sections

• s 981F — Regulations may deal with how money to be dealt with if licensee ceases to be licensed etc.
• s 981G — Account provider not liable merely because of licensee’s contravention
• s 981H — Money to which Subdivision applies taken to be held in trust
• s 981K — Matters that may be dealt with in client money reporting rules
• s 981L — ASIC to consult before making rules
• s 981M — Complying with client money reporting rules

Research how courts apply s 981J

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