103Change of directors

103 Change of directors S. 103(1) amended by No. 58/2011 s. 104(Sch. item 4.153). (1) If a person ceases to be a director of a body corporate that is a licensee or permittee, the licensee or permittee must notify the Commission in writing within 14 days after the person so ceases. S. 103(2) amended by No. 58/2011 s. 104(Sch. item 4.153). (2) A body corporate that is a licensee or permittee must not appoint a person as, or allow a person to become, a director of the body corporate without the approval of the Commission under section 104. (3) This section does not apply to— (a) a licensee or permittee that is— (i) a Council; or S. 103(3)(a)(ii) substituted by Nos 24/2006 s. 6.1.2(Sch. 7 item 26), 8/2009 s. 15(1). (ii) a university or a TAFE institute; or S. 103(3)(a)(iii) repealed by No. 24/2006 s. 6.1.2(Sch. 7 item 26). (b) a licensee under a club licence. Note to s. 103 inserted by No. 13/2013 s. 29(3). S. 103A inserted by No. 92/2004 s. 26.