Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 905H

    ASIC may, by giving written notice to a derivative trade repository licensee, suspend the licence for a specified period, or cancel it, if:

  (a)   the licensee ceases to carry on the business of operating the derivative trade repository; or

  (b)   the licensee becomes a Chapter   5 body corporate; or

  (c)   the licensee asks ASIC to do so; or

  (d)   in the case of a licensee that is a leviable entity (within the meaning of the ASIC Supervisory Cost Recovery Levy Act 2017 )--the following have not been paid in full at least 12 months after the due date for payment:

  (i)   an amount of levy (if any) payable in respect of the licensee;

  (ii)   the amount of late payment penalty payable (if any) in relation to the levy;

  (iii)   the amount of shortfall penalty payable (if any) in relation to the levy.