sec.109 Corporate licence holder must advise commission of change in executive officers or persons with substantial holdings
This section applies to a licence holder that is a corporation.
Within 14 days after either of the following changes, the licence holder must give the commission notice of the change—
a change to the persons who are executive officers of the corporation;
a change to the persons who have substantial holdings in the corporation, or a holding company of the corporation.
Maximum penalty—100 penalty units.
(sec.109-ssec.1) This section applies to a licence holder that is a corporation.
(sec.109-ssec.2) Within 14 days after either of the following changes, the licence holder must give the commission notice of the change— a change to the persons who are executive officers of the corporation; a change to the persons who have substantial holdings in the corporation, or a holding company of the corporation. Maximum penalty—100 penalty units.
- (a) a change to the persons who are executive officers of the corporation;
- (b) a change to the persons who have substantial holdings in the corporation, or a holding company of the corporation.