15Authorised nominating authorities must notify Minister of certain events

15 Authorised nominating authorities must notify Minister of certain events

15 Authorised nominating authorities must notify Minister of certain events

(1) An authorised nominating authority must give written notice to the Minister of the following events within 5 business days after becoming aware of the event—

(a) the appointment, resignation or removal of a director or board member,

(b) proceedings being instituted against the authorised nominating authority for an offence involving fraud or dishonesty,

(c) the authorised nominating authority being found guilty of an offence involving fraud or dishonesty,

(d) the authorised nominating authority becoming bankrupt or making a composition, arrangement or assignment for the benefit of creditors,

(e) if the authorised nominating authority is a body corporate or an incorporated association—the body corporate or incorporated association becoming the subject of a winding up order or having a controller or administrator appointed.

(2) An authorised nominating authority must also, within 5 business days of becoming aware of the event, notify the Minister in writing of any other event that may disrupt the activities of the authorised nominating authority.

(3) In this clause—

authorised nominating authority includes—

(a) for a body corporate—a director, and

(b) for an incorporated association—a board member.