Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The permitted powers and matters are the following:
(a) the power for ASIC to require, by written notice, an entity referred to in paragraph 908CB(h):
(i) to provide data or information to a benchmark administrator licensee, or to another entity, for the generation or administration of a significant financial benchmark specified in that licence; and
(ii) to provide ASIC with some or all of that data or information for purposes relating to the generation or administration of that significant financial benchmark;
(b) the power for ASIC to require, by written notice, a benchmark administrator licensee:
(i) to continue to generate or administer a significant financial benchmark specified in that licence; or
(ii) to generate or administer in a particular way a significant financial benchmark specified in that licence;
(c) powers or matters incidental or related to:
(i) one or more of the above powers; or
(ii) the compulsory generation or administration of a significant financial benchmark specified in a benchmark administrator licence;
including a power or matter prescribed by the regulations for the purposes of this paragraph.
(2) However, ASIC may only require something under a power referred to in subsection (1) if:
(a) ASIC reasonably believes it is in the public interest to do so; and
(b) in the case of paragraph (1)(a)--the activities of the entity concerned have previously resulted in the provision of data or information to that licensee for the generation or administration of that significant financial benchmark.