CTHRepealedAct
ACIS Administration Act 1999
14Rules about the number of registrations a person may have under ACIS
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#### 14 Rules about the number of registrations a person may have under ACIS
A person may only have one current registration under ACIS
(1) A person may only have one current registration under ACIS as either an MVP, ACP, AMTP or ASP.
Participant cannot be registered as a part of a group of related bodies corporate
(2) If a participant is registered as an individual participant under ACIS, a group of related bodies corporate of which the participant is a member must not be registered as a participant while the participant is registered individually.
Rule for members of a group that is a participant
(3) If a participant is a group of related bodies corporate, a member of that group must not be registered as an individual participant under ACIS while:
(a) the member remains a member of the group; and
(b) the group is a participant.
Meaning of group of related bodies corporate
(4) In this section, a reference to a group of related bodies corporate is a reference to a group of related bodies corporate within the meaning of sections 9 and 50 of the Corporations Law.