Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW
- SECT 810

(1)

A licensee must establish a register of the persons who hold proper authorities from the licensee and must keep it in accordance with this section.

(2)

The register shall be in writing or in such other form as the Commission approves.

(3)

The register shall contain, in relation to each person (if any) who holds a proper authority from the licensee:

(a)

a copy of the proper authority;

(b)

the person's name;

(c)

the person's current residential address;

(d)

unless the person's current business address is the same as the licensee's—the person's current business address; and

(e)

any other prescribed information.

(4)

A copy of a proper authority of a person from the licensee that subsection

(3)

provides for the register to contain shall be included in the register within 2 business days after the person begins to hold that proper authority.

(5)

Information that subsection (3) provides for the register to contain in relation to a person shall be entered in the register within 2 business days after:

(a)

the person begins to hold a proper authority from the licensee; or

(b)

the licensee receives the information;

whichever happens later.

(6)

Within 2 business days after a person ceases to hold a proper authority from the licensee, the licensee shall:

(a)

in any case:

(i)

include, in a part of the register separate from the part in which copies of proper authorities are included under subsection (4); and

(ii)

remove from the last-mentioned part;

the copy of the proper authority that was included in the last-mentioned part; and

(b)

unless, at the end of those 2 business days, the person again holds a proper authority from the licensee:

(i)

enter, in a part of the register separate from the part in which information is entered under subsection (5); and

(ii)

remove from the last-mentioned part;

the information that has been entered in the last-mentioned part in relation to the person.

(7)

Information that has been entered under paragraph (6)(b) in a separate part of the register shall be deemed for the purposes of subsections (3) and

(5)

not to be contained or entered in the register.

(8)

Where a licensee whom subsection (1) requires to establish a register already keeps one under this section or a corresponding previous law, the licensee need not establish a new register but must keep the existing one in accordance with this section.