3‑15 Events of which Secretary must be n3‑15 Events of which Secretary must be notified

3‑15 Events of which Secretary must be notified

For the purposes of subsection 108(1) of the Act, the following events are prescribed in relation to an accredited property: (a) there is a change in the manager’s business structure; (b) if the manager is an individual—the individual enters into a personal insolvency agreement under Part X of the Bankruptcy Act 1966; (c) if the manager is a corporation—the corporation: (i) enters into administration (within the meaning of section 435C of the Corporations Act 2001); or (ia) begins restructuring (within the meaning of section 453A of that Act); or (ii) is to be wound up (whether by a court or voluntarily); (d) there is a change in the trading name, business address or contact details of the manager; (e) a condition of the accreditation is contravened.

Note: Example: For the purposes of paragraph (a), each of the following would be a change in the manager’s business structure:

(a) a change in a person who manages or controls export operations carried out at the accredited property;
(b) if the manager is a partnership—a change in the membership of the partnership.

Note: If a person ceases to be the manager of an accredited property, the person must notify the Secretary in accordance with section 109 of the Act.