Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.4
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LIMITS ON INVOLVEMENT WITH LICENSEES
Division 2
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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 .
[ CCH Note: Ch 7 will be amended by No 8 of 2022, s 3, Sch 2[165], by inserting the note, (effective 1 July 2022). The note will read:
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .]
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 .]
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