March 17 (Reuters) - Australia's ASIC:
* AUSTRALIA'S ASIC - AMP LIFE LTD PAID PENALTY OF $275,500 AND AMP CAPITAL INVESTORS LTD PAID PENALTY OF $250,500 TO COMPLY WITH INFRINGEMENT NOTICES
* ASIC SAYS ISSUED INFRINGEMENT NOTICES ON GROUNDS TO BELIEVE THERE WERE BREACHES OF ASIC DERIVATIVE TRANSACTIONS (REPORTING) RULES 2013
* ASIC SAYS BREACHES WERE BY AMP LIFE BETWEEN AUG 2015 & FEB 2018 AND BY AMP CAPITAL BETWEEN MARCH 2016 & SEPT 2018