117ZI
In forceAppointed board members must disclose particular matters
Part 8APublic Trustee Advisory and Monitoring Board
Division 3Membership
117ZI Appointed board members must disclose particular matters
(1)
This section applies in relation to a person who is an appointed board member if, during the term of the person’s appointment, the person—
(a)
becomes an insolvent under administration; or
(b)
is disqualified from managing a corporation because of the Corporations Act, part 2D.6.
(2)
The person must, unless the person has a reasonable excuse, immediately give written notice of the insolvency or disqualification to the Minister.Maximum penalty—100 penalty units.
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