sec.20Requirement to disclose particular matters about disqualification

### sec.20 Requirement to disclose particular matters about disqualification This section applies if a person who is an appointed member is disqualified from managing corporations because the person— becomes an insolvent under administration; or is disqualified from managing corporations because of the Corporations Act , part 2D .6. For a change in a person’s criminal history, see section 24 . The person must, unless the person has a reasonable excuse, immediately give notice to the Minister about being an insolvent under administration or disqualified from managing corporations. Maximum penalty—100 penalty units. The notice must state— the person became an insolvent under administration or was disqualified from managing corporations because of the Corporations Act , part 2D .6; and when the person became an insolvent or was disqualified; and for being disqualified from managing corporations—details adequate to identify the grounds of the disqualification. (sec.20-ssec.1) This section applies if a person who is an appointed member is disqualified from managing corporations because the person— becomes an insolvent under administration; or is disqualified from managing corporations because of the Corporations Act , part 2D .6. For a change in a person’s criminal history, see section 24 . (sec.20-ssec.2) The person must, unless the person has a reasonable excuse, immediately give notice to the Minister about being an insolvent under administration or disqualified from managing corporations. Maximum penalty—100 penalty units. (sec.20-ssec.3) The notice must state— the person became an insolvent under administration or was disqualified from managing corporations because of the Corporations Act , part 2D .6; and when the person became an insolvent or was disqualified; and for being disqualified from managing corporations—details adequate to identify the grounds of the disqualification. - (a) becomes an insolvent under administration; or - (b) is disqualified from managing corporations because of the Corporations Act , part 2D .6. - (a) the person became an insolvent under administration or was disqualified from managing corporations because of the Corporations Act , part 2D .6; and - (b) when the person became an insolvent or was disqualified; and - (c) for being disqualified from managing corporations—details adequate to identify the grounds of the disqualification.