ACIS ADMINISTRATION ACT 1999 - SECT 21
Certain groups of companies may seek permission to apply for
ACIS ADMINISTRATION ACT 1999 - SECT 21
Certain groups of companies may seek permission to apply for
registration as a single entity
(1)
A group of related bodies corporate
(within the meaning of sections 9 and 50 of the Corporations Law) may apply to
the Secretary for permission to seek registration as a participant as if the
group were a single person.
(2)
The application for the Secretary's permission must:
(a)
be in writing; and
(b)
be in an approved form; and
(c)
contain such information as the form requires; and
(d)
be accompanied by such documents as are necessary to establish that the
companies are related; and
(e)
without limiting the generality of paragraph (b), must nominate the member
of the group who:
(i)
is to act as the nominated contact person; and
(ii)
is to receive duty credit on behalf of the group.
(3)
Only a resident of Australia may be specified as the nominated contact
person.
(4)
The Secretary must deal with the application for permission in accordance
with the regulations.
(5)
A decision by the Secretary to grant or to refuse permission must be made
in writing and, in the case of a refusal, be accompanied by a statement of the
reasons for the refusal.
(6)
A decision to grant permission must specify the conditions, if any, to
which the application is subject.
(7)
A decision to grant permission takes effect:
(a)
on a day specified in the decision; or
(b)
if no day is specified—on the day on which the decision is given.
