Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.4
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LIMITS ON INVOLVEMENT WITH LICENSEES
Division 2
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Individuals who are not fit and proper are disqualified
SECTION 853A
853A
MEANING OF DISQUALIFIED INDIVIDUAL
An individual is a disqualified individual if: (a) a declaration by ASIC that the individual is disqualified is in effect under section 853C ; or (b) the individual is disqualified from managing a corporation under section 206B ; or (c) the individual is on the Register that ASIC must keep under section 1274AA .
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteAn individual is a disqualified individual if: (a) a declaration by ASIC that the individual is disqualified is in effect under section 853C ; or (b) the individual is disqualified from managing a corporation under section 206B ; or (c) the individual is on the Register that ASIC must keep under section 1274AA .
[ CCH Note: S 853A will be amended by No 69 of 2020, s 3, Sch 1[1136], by substituting para (c) (effective 1 July 2026 or a day or days to be fixed by Proclamation). Para (c) will read:
(c) the individual is included in the record the Registrar maintains under section 1274AA .]
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