Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If any of the following apply, the Minister may declare in writing that the company that is the industry services body ceases to be the industry services body:
(a) the company gives the Minister a written request that the declaration be made;
(b) the Minister has reasonable grounds to believe that the company has contravened this Act or the funding contract with the company;
(c) the Minister has reasonable grounds to believe that:
(i) the company's constitution is no longer appropriate for a company performing the functions of the industry services body; or
(ii) the company has failed to comply with its constitution;
(d) an administrator of the company is appointed;
(e) the company starts to be wound up or ceases to carry on business;
(f) a receiver, or a receiver and manager, of property of the company is appointed (by a court or otherwise);
(g) the company enters into a compromise or arrangement with some or all of its creditors.
(2) The declaration must specify the day on which the company is to cease to be the industry services body.
(3) The declaration has effect accordingly.
Tabling in Parliament
(4) The Minister must cause a copy of the declaration to be tabled in each House of the Parliament within 15 sitting days of that House after the day on which the declaration is made.
Declaration is not a legislative instrument
(5) A declaration made under subsection ( 1) is not a legislative instrument.