Australian Capital Territory Numbered Acts

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FINANCIAL INSTITUTIONS (SUPERVISORY AUTHORITY) ACT 1992 (NO. 29 OF 1992) - SECT 21

Registration of financial interests

21. (1) The Registrar shall maintain a Register of Financial Interests.

(2) A defined person shall cause particulars of each of his or her financial interests to be entered on the Register within 7 days after becoming a defined person.

Penalty: $2,000.

(3) A defined person shall cause particulars of—

        (a)     the acquisition of a financial interest;

        (b)     a change in a financial interest, being a change of a type prescribed in the regulations; or

        (c)     the termination of a financial interest;

to be entered on the Register within 7 days after that acquisition, change or termination.

Penalty: $2,000.

(4) The particulars referred to in subsection (2) or (3) include—

        (a)     the nature and extent of the relevant financial interest, or of the change in financial interest (as the case requires); and

        (b)     the date on which the financial interest was acquired, changed, or terminated (as the case requires).

(5) It is a defence to a prosecution for an offence under subsection (2) or (3) if it is established that the relevant defined person was not aware—

        (a)     in the case of a prosecution under subsection (2)—of the existence of the relevant financial interest; or

        (b)     in the case of a prosecution under subsection (3)—of the acquisition, change or termination of the relevant financial interest.



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