Document ID: chunk:federal_register_of_legislation:C2025C00179:section:97
Version: federal_register_of_legislation:C2025C00179
Segment Type: section
Provision Reference: s 97
Character Range: 136353–137318

97  Notification of change in control by licence holder
 (1) A person contravenes this section if:
 (a) the person is a licence holder; and
 (b) there is a change in control of the licence holder; and
 (c) either:
 (i) the Registrar has not approved the change in control; or
 (ii) the Registrar 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
 (d) the licence holder knows or ought reasonably to know the change in control has taken effect; and
 (e) the licence holder does not notify the Registrar 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).

Division 4—Information‑gathering powers