Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 922K

Obligation to notify ASIC about a person who ceases to have control of a body corporate licensee

             (1)  A notice must be lodged under this section, in accordance with section 922L, if a person ceases to have control of a body corporate licensee.

Note:          Subsection 922P(3) provides that a notice is not required to be lodged when a person starts and then ceases to have control of a body corporate licensee within 30 business days.

             (2)  The notice must include the following information:

                     (a)  the name of the licensee;

                     (b)  the licence number given to the licensee under subsection 913C(1);

                     (c)  the name of the person who ceases to have control of the licensee;

                     (d)  the day the person ceases to have control of the licensee.



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