Corporations Act 2001
CHAPTER 7
-
FINANCIAL SERVICES AND MARKETS
PART 7.4
-
LIMITS ON INVOLVEMENT WITH LICENSEES
Division 2
-
Individuals who are not fit and proper are disqualified
SECTION 853A
853A
WHO IS DISQUALIFIED
For the purposes of this Division, an individual is disqualified if:
(a) a declaration by ASIC that the individual is disqualified is in effect under section 853C ; or
(b) the individual is disqualified from managing a corporation under section 206B ; or
(c) the individual is on the Register that ASIC must keep under section 1274AA .
View history note
Hide history noteFor the purposes of this Division, an individual is disqualified if:
(a) a declaration by ASIC that the individual is disqualified is in effect under section 853C ; or
(b) the individual is disqualified from managing a corporation under section 206B ; or
(c) the individual is on the Register that ASIC must keep under section 1274AA .
[ CCH Note: S 853A will be amended by No 69 of 2020, s 3, Sch 1[1136], by substituting para (c) (effective 22 June 2022 or a day or days to be fixed by Proclamation). Para (c) will read:
(c) the individual is included in the record the Registrar maintains under section 1274AA .]
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.