Section 853F — Corporations Act 2001: Obligations on disqualified individuals
Text of the provision Official document
(1) A disqualified individual must not become involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee. Note: Failure to comply with this subsection is an offence (see subsection 1311(1)). (2) A disqualified individual who is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee must take all reasonable steps to ensure that he or she ceases to be involved in the licensee. Note: Failure to comply with this subsection is an offence (see subsection 1311(1)). (3) A person contravenes this subsection if the person contravenes subsection (2). Note: This subsection is a civil penalty provision (see section 1317E).
Official source: Federal Register of Legislation
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