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CORPORATIONS ACT 2001 - SECT 1546R Application of obligation to notify ASIC about a person who ceases to have control of a body corporate licensee

CORPORATIONS ACT 2001 - SECT 1546R

Application of obligation to notify ASIC about a person who ceases to have control of a body corporate licensee

    Section   922K, as inserted by the amending Act, applies in relation to a person who ceases to have control of a body corporate licensee if:

  (a)   the person ceases to have control of the licensee after commencement; or

  (b)   both of the following apply:

  (i)   the person ceases to have control of the licensee before commencement;

  (ii)   immediately before commencement, a notice has not been lodged in accordance with section   922K, as notionally inserted into this Act by Schedule   8D to the Corporations Regulations   2001 .

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