Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:4_16w
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 4 cl 16W
Character Range: 173549–174384

16W  Lodging of consequential amendments with ASIC after approval by APRA

 (1) This section applies if, under subsection 16U(3) or subsection 16V(4), APRA approves consequential amendments of the constitution of a company pursuant to an application by the company.

 (2) The company must lodge a copy of the consequential amendments with ASIC in accordance with any requirements determined by ASIC.

 (3) The company is guilty of an offence if it does not comply with subsection (2) within 14 days after the day on which APRA approved the consequential amendments.

Maximum penalty for contravention of this subsection:  5 penalty units.

Note: If a body corporate is convicted of an offence against this subsection, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty stated above.