Document ID: chunk:federal_register_of_legislation:C2022C00234:clause:2_1272
Version: federal_register_of_legislation:C2022C00234
Segment Type: clause
Provision Reference: sch 2 cl 1272
Character Range: 268697–269673

1272  Giving and cancelling director identification numbers
 (1) The Registrar must, by notifying a person who has applied under section 1272A, give the person a director identification number if the Registrar is satisfied that the person's identity has been established.
 (2) The Registrar must make a record of the person's director identification number.
 (3) The Registrar may, by notifying a person, cancel the person's director identification number if:
 (a) the Registrar is no longer satisfied that the person's identity has been established; or
 (b) the Registrar has given the person another director identification number.
 (4) If:
 (a) at the time the person is given a director identification number under this section, the person is not an eligible officer; and
 (b) the person does not, within 12 months after that time, become an eligible officer;
the person's director identification number is taken to have been cancelled at the end of the 12 month period.