Corporations Act 2001
CHAPTER 10
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TRANSITIONAL PROVISIONS
PART 10.23A
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TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (PROFESSIONAL STANDARDS OF FINANCIAL ADVISERS) ACT 2017
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:
Division 2
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Application and transitional provisions
SECTION 1546R
1546R
APPLICATION OF OBLIGATION TO NOTIFY ASIC ABOUT A PERSON WHO CEASES TO HAVE CONTROL OF A BODY CORPORATE LICENSEE
[ CCH Note: S 1546R heading will be amended by No 69 of 2020, s 3, Sch 1[1301], by substituting " THE REGISTRAR " for " ASIC " (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
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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