Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p14
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 34963–37530

section 227a order if, and only if, the person is or becomes, as the case may be, prohibited, by virtue of an order made under section 227a or under a provision of a law of a State or of another Territory that corresponds with section 227a, from being a director or promoter of, or from being in any way (whether directly or indirectly) concerned in or taking part in the management of, a corporation, and a reference in this Act to a section 227a order is a reference to an order so made.
     "(8c) For the purposes of this Act, a person shall be taken to be or become subject to a section 562 order if, and only if, the person is or

      becomes, as the case may be, by virtue of an order made under section 562, under a corresponding provision of a previous law of the Territory or under a provision of a law, or a previous law, of a State or of another Territory that corresponds with section 562—
          (a) prohibited from acting as a director of, or from being concerned in or taking part in the management of, a company or other corporation; or
          (b) prohibited from being a director or promoter of, or from being in any way (whether directly or indirectly) concerned in or taking part in the management of, a company or other corporation,
      and a reference in this Act to a section 562 order is a reference to an order so made.".

Relevant interests in shares
22. Section 8 of the Principal Act is amended—
     (a) by omitting from paragraph (8) (a) ", 232 or 261" and substituting "and 232"; and
     (b) by omitting from paragraph (8) (b) "or of section 261".

Insertion of Subdivision heading
23. Before section 17 of the Principal Act the following heading is inserted in Division 2 of Part II:

"Subdivision A—Registration"

Registration of auditors
24. Section 18 of the Principal Act is amended by omitting sub-section (3) and substituting the following sub-section:
"(3) The Commission shall not register as an auditor a person who is subject to a section 227 prohibition, a section 227a order or a section 562 order.".

Registration of liquidators
25. Section 20 of the Principal Act is amended by omitting sub-section (4) and substituting the following sub-section:
"(4) The Commission shall not register as a liquidator, or as a liquidator of a specified corporation, a person who is subject to a section 227 prohibition, a section 227a order or a section 562 order.".

Register of Auditors
26. Section 23 of the Principal Act is amended by inserting in paragraph (1) (e) "or 30d (7) (a), (b) or (c)" after "(c)".

Registers of