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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