35MNotification of changes

35M Notification of changes

[Section 35M Inserted by No. 73 of 2013, s. 25, Applied:01 Jul 2014]

(1)  If the holder of an NEPT licence is a body corporate, the body corporate must notify the Secretary in writing –

(a) in accordance with subsection (2) , if a person ceases to be, or is appointed as, the chief executive officer or a director of the body corporate; and

(b) within 30 days after the change occurs.

Penalty:  [Section 35M Subsection (1) amended by No. 15 of 2019, Sched. 1, Applied:28 Jun 2019] [Section 35M Subsection (1) amended by No. 15 of 2019, Sched. 1, Applied:28 Jun 2019] Fine not exceeding 15 penalty units and, in the case of a continuing offence, a further fine not exceeding 1.5 penalty units for each day during which the offence continues.

(2)  A written notice under subsection (1) is to include, as the case requires –

(a) the name and address of the person who has ceased to hold, or has been appointed to, a position within the body corporate; and

(b) the position which the person has ceased to hold or has been appointed to.