Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1177

Licensee to notify ASIC of location and contents of register

(1) This section has effect where a licensee keeps a register under section 1176. (2) Within 14 days after establishing the register, the licensee must lodge written notice of where the register is kept. (3) As soon as practicable after changing the place where the register is kept, the licensee must lodge written notice of the new place where the register is kept. (4) Within 2 business days after the day on which a person begins to hold a particular proper authority from the licensee, the licensee must, whether or not the person has previously held a proper authority from the licensee, lodge:

(a)
a copy of the first-mentioned proper authority; and

(b)
a written notice stating that the person began to hold that proper authority on that day.

(5) Within the period within which subsection 1176(5) requires the licensee to enter in the register information that the register is required by virtue of paragraph 1176(3)(b), (c), (d) or (e) to contain, the licensee must lodge a written notice setting out the information and stating that the information has been, or is to be, entered in the register. (6) Within 2 business days after a person ceases to hold a proper authority from the licensee, the licensee must, unless at the end of those 2 business days the person again holds a proper authority from the licensee, lodge a written notice stating that the person has ceased to hold such a proper authority.



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