349B
In forceAnother company becomes an ultimate holding company
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 2NUpdating ASIC information about companies, registered schemes and notified foreign passport funds
Part 2N.5Notice by proprietary companies of changes to ultimate holding company
349B Another company becomes an ultimate holding company
If another company becomes an ultimate holding company in relation to a proprietary company, the proprietary company must notify ASIC of:
(a)
the other company’s name; and
(b)
either:
(i)
if the other company is registered in Australia—its ABN, ACN or ARBN; or
(ii)
if the other company is not registered in Australia—the place at which it was incorporated or formed; and
(c)
the date on which the other company became an ultimate holding company in relation to the proprietary company.
This Act’s bill:Explanatory memorandumSecond reading speech
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