Obligation to notify ASIC about a person who ceases to have control of a body corporate licensee
(1) A notice must be lodged under this section, in accordance with section 922L, if a person ceases to have control of a body corporate licensee. Note: Subsection 922P(3) provides that a notice is not required to be lodged when a person starts and then ceases to have control of a body corporate licensee within 30 business days. (2) The notice must include the following information: (a) the name of the licensee; (b) the licence number given to the licensee under subsection 913C(1); (c) the name of the person who ceases to have control of the licensee; (d) the day the person ceases to have control of the licensee.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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