THE CORPORATIONS LAW

CHAPTER 9 - MISCELLANEOUS

PART 9.2 - REGISTRATION OF AUDITORS AND LIQUIDATORS

Division 3 - Cancellation or Suspension of Registration

SECTION 1296   NOTICE OF BOARD'S DECISION  

1296(1)  [Notice of exercise of powers]  

Where the Board decides to exercise any of its powers under section 1292 in relation to a person, or decides that it is required to make an order under subsection 1292(7) in relation to a person, the Board shall, within 14 days after the decision:

(a)  give to the person a notice in writing setting out the decision and the reasons for it;

(b)  lodge a copy of the notice referred to in paragraph (a); and

(c)  cause to be published in the Gazette a notice in writing setting out the decision.

1296(2)  [Notice of refusal to exercise powers]  

Where the Board decides to refuse to exercise its powers under section 1292 in relation to a person, or decides that it is not required to make an order under subsection 1292(7) in relation to a person, the Board shall, within 14 days after the decision:

(a)  give to the person a notice in writing setting out the decision and the reasons for it; and

(b)  lodge a copy of the notice referred to in paragraph (a).

1296(3)  [Validity of decision]  

The validity of a decision of the Board is not affected by failure of the Board to comply with subsection (1) or (2), as the case requires, in relation to the decision.