Statute
Section 908BB — Corporations Act 2001: Other prohibitions on holding out
Text of the provision Official document
A person commits an offence if: (a) in Australia, the person holds out that: (i) the person holds a benchmark administrator licence; or (ii) the administration of a financial benchmark by the person is authorised by a benchmark administrator licence; or (iii) a financial benchmark is specified in a benchmark administrator licence; or (iv) a financial benchmark is a significant financial benchmark; or (v) a financial benchmark is not a significant financial benchmark; and (b) this is not the case. Penalty: 5 years imprisonment.
Official source: Federal Register of Legislation
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