Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 828H

    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 of Australia 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.