Document ID: chunk:federal_register_of_legislation:C2025C00185:section:792b:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 792B (pt 2/2)
Character Range: 3076367–3077592

is located.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
 (5) As soon as practicable after:
 (a) a person becomes or ceases to be a director, secretary or senior manager of a market licensee or of a holding company of a market licensee (including when a person changes from one of those positions to another); or
 (b) a market licensee becomes aware that a person has come to have, or has ceased to have, more than 20% of the voting power in the licensee or in a holding company of the licensee;
the licensee must give written notice of this to ASIC. The notice must include such other information about the matter as is prescribed by regulations made for the purposes of this subsection.
Note 1: To the extent that the licensee is required to give the notice and information under any other provision of this Act, the licensee may comply with this subsection by doing so. It need not provide the same information twice.
Note 2: Failure to comply with this subsection is an offence (see subsection 1311(1)).
 (7) A person contravenes this subsection if the person contravenes subsection (1), (2), (3), (4) or (5).
Note: This subsection is a civil penalty provision (see section 1317E).