Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) If the Secretary is satisfied that an issuing body's ASIC program does not adequately address a matter mentioned in subregulation 6.06(2), the Secretary may direct the body, in writing, to vary the program.
(2) However, the Secretary must not give a direction under subregulation (1) unless the Secretary is satisfied that the program, as varied, would adequately address the relevant matter mentioned in subregulation 6.06(2).
(3) A direction must:
(a) indicate the variation needed; and
(b) state the time within which the issuing body must submit an appropriately varied program to the Secretary.
(4) An issuing body must comply with such a direction.
Note: Regulation 6.19 provides for the revocation of the authorisation of a body that does not comply with a direction.