Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1546R

                   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 .