Section 828H — Corporations Act 2001: Matters to which ASIC must have regard when making rules

In considering whether to make a CS services rule, ASIC: (a) must have regard to: (i) the likely effect of the proposed rule on the Australian economy, and on the efficiency, integrity and stability of the Australian financial system; and (ii) the likely regulatory impact of the proposed rule; and (iii) the likely effect of the proposed rule on the safety, fairness and effectiveness of competition in the provision of CS services; and (iv) if the proposed rule will impose requirements in relation to a CS service—the structure of the market for the provision of the CS service; and (b) must have regard to the matters (if any) raised by the ACCC or the Reserve Bank in consultations mentioned in paragraph 828J(1)(b); and (c) may have regard to any other matters that ASIC considers relevant. Note: Matters that ASIC may have regard to under paragraph (c) may, for example, include any relevant international standards and international commitments.