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National Consumer Credit Protection Act 2009
53AObligation to notify ASIC of change in control
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53A Obligation to notify ASIC of change in control
Requirement to notify ASIC of change in control
(1) If an entity (as defined by section 64A of the Corporations Act 2001) starts to control, or stops controlling, a licensee, the licensee must lodge a notification with ASIC:
(a) in the approved form; and
(b) before the end of 30 business days after the day the entity starts to control, or stops controlling, the licensee.
(a) the person is subject to a requirement under subsection (1) to lodge a notification with ASIC; and