Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Secretary may give a nominee of a participant a written notice that requires the nominee to inform the Secretary if:
(a) either:
(i) an event or change of circumstances happens; or
(ii) the nominee becomes aware that an event or change of circumstances is likely to happen; and
(b) the event or change of circumstances is likely to affect:
(i) the ability of the nominee to act as the nominee of the participant; or
(ii) the ability of the Secretary to give notices to the nominee under this Act; or
(iii) the ability of the nominee to comply with notices given to the nominee by the Secretary under this Act.
(2) A notice under subsection ( 1) must specify:
(a) how the nominee is to inform the Secretary; and
(b) the period within which the nominee is to inform the Secretary, which must be a period of at least 14 days starting on whichever of the following days is applicable:
(i) the day on which the event or change of circumstances happens;
(ii) the day on which the nominee becomes aware that the event or change of circumstances is likely to happen.
(3) A notice under subsection ( 1) is not ineffective only because it does not comply with paragraph ( 2)(a).
(4) This section extends to:
(a) acts, omissions, matters and things outside Australia, whether or not in a foreign country; and
(b) all persons, irrespective of their nationality or citizenship.