Corporations Act 2001
CHAPTER 2N
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UPDATING ASIC INFORMATION ABOUT COMPANIES, REGISTERED SCHEMES AND NOTIFIED FOREIGN PASSPORT FUNDS
PART 2N.5
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NOTICE BY PROPRIETARY COMPANIES OF CHANGES TO ULTIMATE HOLDING COMPANY
SECTION 349B
349B
ANOTHER COMPANY BECOMES AN ULTIMATE HOLDING COMPANY
If another company becomes an ultimate holding company in relation to a proprietary company, the proprietary company must notify ASIC of: (a) the other company ' s name; and (b) either:
[ CCH Note: Ch 2N heading will be amended by No 69 of 2020, s 3, Sch 1 [ 633], by omitting " ASIC " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
View history note
Hide history noteIf another company becomes an ultimate holding company in relation to a proprietary company, the proprietary company must notify ASIC of: (a) the other company ' s name; and (b) either:
(i) if the other company is registered in Australia - its ABN, ACN or ARBN; or
(c) the date on which the other company became an ultimate holding company in relation to the proprietary company.
(ii) if the other company is not registered in Australia - the place at which it was incorporated or formed; and
[ CCH Note: S 349B will be amended by No 69 of 2020, s 3, Sch 1[674] and [ 675], by substituting " the Registrar " for " ASIC " and inserting " The notification must meet any requirements of the data standards. " at the end, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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