Substantial shareholders to give notice to Minister
35 Substantial shareholders to give notice to Minister
A person who is required to give notice to a licensee under a provision of Part 6C.1 of the Corporations Act 2001 of the Commonwealth must give a copy of the notice to the Minister within the time that the notice is required under that Act to be given to the licensee.
Maximum penalty—100 penalty units.
A licensee must notify the Minister in writing within 2 business days after it receives a notice from a person under a provision of Part 6C.1 of the Corporations Act 2001 of the Commonwealth, informing the Minister of the name and address of the person from whom the notice was received.
Maximum penalty—100 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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