Notice of particular events
102ZO Notice of particular events
If any of the following events happens, the Organisation must give a notice about the event to the chief executive—
an event that makes the Organisation no longer an eligible company;
an event that makes an executive officer or business associate of the Organisation no longer an eligible individual;
the appointment or employment of an executive officer of the Organisation ends;
a person is appointed or employed as an executive officer of the Organisation;
a shareholder or member of the Organisation stops being a shareholder or member of the Organisation;
a person becomes a shareholder or member of the Organisation.
The notice must be given within 10 business days after the event happens.
A notice about an event mentioned in subsection (1)(a) must include the Organisation’s plan and timetable for making the Organisation an eligible company.
A notice about an event mentioned in subsection (1)(d) or (f) must be accompanied by the signed consent of the person who is the subject of the notice to—
the collection of personal or background information about the person by the chief executive; and
a criminal history check.
This Act’s bill:Explanatory memorandumSecond reading speech
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