Corporations Regulations 2001

This regulation applies if a person ceases to be a director, secretary or senior manager of a CS facility licensee or of a holding company of a CS facility licensee (including when the person changes from one of those positions to another).

For subsection 821B(4) of the Act, the information to be given to ASIC by the CS facility licensee is:

the name and contact details of the person; and

the position that the person held; and

the date on which the person ceased to hold the position; and

if the person ceases to be a director, secretary or senior manager because the person is changing from the position to another in the company, the new position; and

if the reason for ceasing to hold the position is:

because of a contravention of the Corporations Act or another law of a State or Territory; or

because the person has become an undischarged bankrupt;