Corporations Act 2001
This section applies if commencement (within the meaning of this Part) occurs on or after the application day within the meaning of subsection 1653(1) . 1678F(2)
This section applies in relation to a person who: (a) is not an eligible officer immediately before commencement; and (b) becomes an eligible officer because of the registration of a company under Part 5B.1 for the purposes of section 1678A (which deals with the registration of former Norfolk Island companies).
Note: When such a company is registered, the former directors of the Norfolk Island company generally become directors of the registered company (see subsection 1678A(3) ). Such a director is an eligible officer (see section 1272B ).Transitional application period for Norfolk Island company directors to apply for director identification numbers 1678F(3)
If a period (the transitional application period ) is specified under subsection (5) of this section, section 1272C applies to the person as if: (a) the reference in subparagraph 1272C(2)(a)(ii) to an application period specified by regulations were instead a reference to the transitional application period; and (b) the reference in subparagraph 1272C(2)(a)(ii) to the start of the application period specified by regulations were instead a reference to when the transitional application period came into effect; and (c) the reference in subparagraph 1272C(2)(a)(iii) to the start of a longer period (if any) allowed by the Registrar under section 1272E were instead a reference to when the transitional application period came into effect.
Note: Section 1272C requires an eligible officer to have a director identification number, but allows a certain time (an application period) within which an application can be made for a director identification number.1678F(4)
Until a transitional application period comes into effect, section 1272C does not apply to the person. 1678F(5)
The Minister may, by legislative instrument, specify a transitional application period for the purposes of subsection (3). 1678F(6)
Subsection 1653(4) does not apply to the person.
Note: Subsection 1653(4) applies a default period of 28 days under section 1272C within which an application can be made for a director identification number.