ASIC Client Money Reporting Rules 2017 (Cth)

ASIC Client Money Reporting Rules 2017

About this compilation

Compilation No. 1

This is a compilation of ASIC Client Money Reporting Rules 2017 as in force on 10 March 2022. It includes any commenced amendment affecting the legislative instrument to that date. This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Chapter 1: Introduction Part 1.1 Preliminary Part 1.2 Waiver Part 1.3 Interpretation Chapter 2: Record-keeping and reconciliation Part 2.1 Record-keeping Part 2.2 Reconciliation requirements Chapter 3: Reporting Part 3.1 Reporting and annual declarations Chapter 4: Supervisory policies and procedures Part 4.1 Supervisory policies and procedures Schedule Form 1 Part 1 Endnotes Endnote 1 – Instrument history Endnote 2 – Amendment history

Chapter 1: Introduction

Part 1.1 Preliminary

1.1.1 Enabling legislation ASIC makes this instrument under subsection 981J(1) of the Corporations Act 2001.

1.1.2 Title This instrument is the ASIC Client Money Reporting Rules 2017.

1.1.4 Penalties for a contravention of these Rules The maximum pecuniary penalty payable for a contravention of a provision of these Rules is an amount determined by the Court under section 1317G of the Corporations Act.

Part 1.2 Waiver

1.2.1 Waiver of Rules (1) Subject to Rule 1.2.3, ASIC may relieve any person or class of persons from the obligation to comply with a provision of these Rules, either generally or in a particular case, and either unconditionally or subject to such conditions as ASIC thinks fit. (2) If any conditions on a waiver given under subrule (1) are imposed, all of the conditions must be complied with for the waiver to be effective. (3) ASIC may withdraw, in writing, a waiver given under subrule (1) at any time. (4) Any request by a person for a waiver under subrule (1) must be in writing. (5) Any waiver given under subrule (1), and any conditions imposed on that waiver, must be in writing. (6) ASIC may publish notice of a waiver given under subrule (1).