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Business Names Registration Act 2011
75ASIC may issue formal warning
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#### 75 ASIC may issue formal warning
If ASIC has reasonable grounds to believe that an entity has contravened a provision of this Act, ASIC may, by written notice given to the entity:
(a) inform the entity of that fact; and
(b) warn the entity of the action that may be taken by ASIC under this Act in response to the contravention.