Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.2.03

Obligation to inform ASIC of certain matters: ceasing to be director, secretary or executive officer of market licensee

             (1)  For subsection 792B(5) of the Act, this regulation applies if a person ceases to be a director, secretary or executive officer of a market licensee or of a holding company of a market licensee (including when the person changes from one of those positions to another).

             (2)  The information to be given to ASIC by the market licensee is:

                     (a)  the person's name and contact details; and

                     (b)  the position that the person held; and

                     (c)  the date on which the person ceased to hold the position; and

                     (d)  if the person ceases to be a director, secretary or executive officer because the person is changing from the position to another in the company, the new position; and

                     (e)  if the reason for ceasing to hold the position is:

                              (i)  because of a contravention of the Corporations Act or another law of a State or Territory; or

                             (ii)  because the person has become an undischarged bankrupt;

                            details of the reason.



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