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CORPORATIONS ACT 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.23A - TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (PROFESSIONAL STANDARDS OF FINANCIAL ADVISERS) ACT 2017    View history reference

Division 2 - Application and transitional provisions    View history reference

SECTION 1546R  

1546R  APPLICATION OF OBLIGATION TO NOTIFY ASIC ABOUT A PERSON WHO CEASES TO HAVE CONTROL OF A BODY CORPORATE LICENSEE  

 View history reference
Section 922K, as inserted by the amending Act, applies in relation to a person who ceases to have control of a body corporate licensee if:


(a) the person ceases to have control of the licensee after commencement; or


(b) both of the following apply:


(i) the person ceases to have control of the licensee before commencement;

(ii) immediately before commencement, a notice has not been lodged in accordance with section 922K, as notionally inserted into this Act by Schedule 8D to the Corporations Regulations 2001.


 



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