Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 (115 of 2021)

Schedule 2   Later amendments

Corporations Act 2001

5   At the end of Subdivision B of Division 9 of Part 7.6

Add:

922PA Obligation for persons registered under subsection 921ZC(1) to notify Registrar of certain changes

(1) A person must lodge a notice with the Registrar if:

(a) a registration of the person under subsection 921ZC(1) is in force; and

(b) there is a change in a matter, particulars of which are entered for the person under section 922Q, in the records maintained under section 922A (other than a change that is a direct consequence of an act by ASIC); and

(c) the change is of a kind specified in the data standards for the purposes of this paragraph.

(2) The notice must:

(a) be lodged within 30 business days after the change; and

(b) meet any requirements of the data standards.

(3) A person commits an offence if:

(a) the person is required to lodge a notice in accordance with this section; and

(b) the person fails to do so.