Form 589
(subsection 206GAA(6))
Form 589
Corporations Act 2001
Subsection 206GAA(6)
Notice of disqualification from managing corporations
IN THE MATTER of (1)__________________________________
Notice of disqualification from managing corporations
under subsection 206GAA(6) of the Corporations Act 2001.
To: (2) ________________________________________________________
ASIC has given you notice in the prescribed form requiring you to demonstrate why you should not be disqualified from managing corporations and has given you an opportunity to be heard on the question.
TAKE NOTICE THAT having regard to the Notice to Demonstrate Why Disqualification Should Not Occur dated ___________(3) issued by _________
____________(4) and your opportunity to be heard ASIC is satisfied that your disqualification pursuant to section 206GAA of the Corporations Act 2001 is justified.
YOU ARE DISQUALIFIED from the time of service of this notice for a period of _______(5) years from managing corporations without the leave of ASIC.
Please note the extent of the legal prohibitions on your management of corporations under section 206A of the Corporations Act 2001.
Dated this ________________ day of ___________________(6)
Signed …………………………………………………………
_____________________________________
Delegate of the Australian Securities and Investments Commission
DIRECTIONS
Insert the name of person being disqualified.
Insert the name of person being disqualified.
Insert date of Notice to Demonstrate Why Disqualification Should Not Occur.
Insert name of delegate who issued Notice to Demonstrate Why Disqualification Should Not Occur.
Insert number of years disqualified.
Insert date of notice.
Insert full name of delegate signing notice.
This Act’s bill:Explanatory statement
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