Involvement of ACCC—leave orders under section 206G
206GA Involvement of ACCC—leave orders under section 206G
Scope of section
This section applies in relation to a person who is disqualified from managing corporations under section 206EA.
Notice lodged with ASIC before leave application
If the person lodges a notice with ASIC under subsection 206G(2), ASIC must give the ACCC a copy of the notice.
Leave orders
If the person lodges a copy of an order with ASIC under subsection 206G(4), ASIC must give the ACCC a copy of the order.
Revoking leave
If ASIC decides to apply for an order under subsection 206G(5) in relation to the person, it must consult the ACCC before making the application.
Definition
In this section:
ACCC means the Australian Competition and Consumer Commission.
This Act’s bill:Explanatory memorandumSecond reading speech
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