Section 81Q

relating to the approval of approved clearing houses and the recognition of recognised clearing houses;

relating to the requirements applicable to any person who establishes, operates or assists in establishing or operating a clearing facility, whether or not the person is approved as an approved clearing house under section 51(1)(a) or recognised as a recognised clearing house under section 51(1)(b) or (2); and

for the purposes of section 59 and, in particular, specifying measures to manage any risks assumed by an approved clearing house.

that a contravention of any specified provision thereof shall be an offence; and

for a penalty not exceeding a fine of $150,000 or imprisonment for a term not exceeding 12 months or both for each offence and, in the case of a continuing offence, for a further penalty not exceeding a fine of 10% of the maximum fine prescribed for that offence for every day or part of a day during which the offence continues after conviction.