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s 56D

Requirement to disclose particular matters

In force
Part 7Miscellaneous

56D Requirement to disclose particular matters

(1)

This section applies if a person who is a member—

(a)

is disqualified from managing corporations under the Corporations Act, part 2D.6; or

(b)

is convicted of an indictable offence mentioned in section 24(1)(i) or 35C(1)(b).

(2)

The person must, unless the person has a reasonable excuse, immediately give notice of the disqualification or conviction to—

(a)

if the person is the chancellor when disqualified or convicted—the vice-chancellor; or

(b)

if the person is an appointed member when disqualified or convicted—the Minister; or

(c)

otherwise—the chancellor.

Maximum penalty—100 penalty units.

(3)

The notice must include the following information—

(a)

if the notice is of the person’s disqualification—

(i)

the existence of the disqualification; and

(ii)

when the disqualification took effect; and

(iii)

sufficient details to identify the grounds for the disqualification;

(b)

if the notice is of the person’s conviction—

(i)

the existence of the conviction; and

(ii)

when the offence was committed; and

(iii)

sufficient details to identify the offence; and

(iv)

the sentence imposed on the person.

(4)

The Minister, chancellor or vice-chancellor must ensure a notice given to the Minister, chancellor or vice-chancellor under this section is destroyed as soon as practicable after it is no longer needed for the purposes of this Act.

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