Document ID: chunk:federal_register_of_legislation:C2024C00828:section:566q
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 566Q
Character Range: 1404800–1405794

566Q  Notification of change in control by registered holder
 (1) A registered holder of a title contravenes this section if:
 (a) there is a change in control of the registered holder; and
 (b) either:
 (i) the Titles Administrator has not approved the change in control; or
 (ii) the Titles Administrator has approved the change in control, but the change in control took effect after the end of the approval period for the change in control; and
 (c) the registered holder knows or ought reasonably to know the change in control has taken effect; and
 (d) the registered holder does not notify the Titles Administrator of the change in control within 30 days of the change taking effect.

Civil penalty provision
 (2) A person is liable to a civil penalty if the person contravenes subsection (1).
Civil penalty: 480 penalty units.
 (3) Subsection 93(2) of the Regulatory Powers Act does not apply in relation to a contravention of subsection (2).

Part 5A.4—Information‑gathering powers