Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The regulations may make further provision in relation to the Registry.
(2) Regulations made for the purposes of subsection (1) may make provision requiring the holder of a Registry account to notify a matter to the Regulator.
(3) Subsection (2) does not limit subsection (1).
(3A) Regulations made for the purposes of subsection (1) may:
(a) make provision for identifying Registry accounts that are restricted Registry accounts for the purposes of this section; and
(b) restrict or limit the operation of restricted Registry accounts.
(3B) Regulations made for the purposes of subsection (3A) may:
(a) prohibit, restrict or limit the transfer of units from a restricted Registry account; or
(b) prohibit, restrict or limit the transfer of units to a restricted Registry account.
(3C) Subsection (3B) does not limit subsection (3A).
(3D) Subsections (3A) and (3B) do not limit subsection (1).
(3E) Section 28C does not limit subsections (3A) and (3B) of this section.
(4) If the holder of a Registry account is subject to a requirement under regulations made for the purposes of subsection (1) or (2), the holder must comply with that requirement.
(5) A person must not:
(a) aid, abet, counsel or procure a contravention of subsection (4); or
(b) induce, whether by threats or promises or otherwise, a contravention of subsection (4); or
(c) be in any way, directly or indirectly, knowingly concerned in, or party to, a contravention of subsection (4); or
(d) conspire with others to effect a contravention of subsection (4).
(6) Subsections (4) and (5) are civil penalty provisions .
Note: Part 7 provides for pecuniary penalties for breaches of
civil penalty provisions.