Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to section 1317DAD, if ASIC has reasonable grounds to believe that a disclosing entity has contravened subsection 674(2) or 675(2), ASIC may issue an infringement notice to the disclosing entity.
(2) ASIC issues the infringement notice to the disclosing entity by serving it on the disclosing entity.
(3) ASIC must not issue more than one infringement notice to the disclosing entity for the same alleged contravention of subsection 674(2) or 675(2).
ASIC must have regard to certain matters
(4) In determining whether to issue an infringement notice to a listed disclosing entity for an alleged contravention of subsection 674(2), ASIC must have regard to:
(a) any guidelines issued by the relevant market operator for the listed disclosing entity that relate to the provisions of the listing rules referred to in subsection 674(1); and
(b) any other relevant matter.
Infringement notice does not have effect
(5) The infringement notice does not have any effect if the infringement notice:
(a) is issued more than 12 months after the day on which the contravention of subsection 674(2) or 675(2) is alleged to have occurred; or
(b) relates to more than one alleged contravention of subsection 674(2) or 675(2) by the disclosing entity.