Document ID: chunk:federal_register_of_legislation:C2025C00129:section:83
Version: federal_register_of_legislation:C2025C00129
Segment Type: section
Provision Reference: s 83
Character Range: 298185–299675

83  Nominee to inform Agency of matters affecting ability to act as nominee
 (1) The CEO may give a nominee of a participant a written notice that requires the nominee to inform the Agency if:
 (a) either:
 (i) an event or change of circumstances happens; or
 (ii) the nominee becomes aware that an event or change of circumstances is likely to happen; and
 (b) the event or change of circumstances is likely to affect:
 (i) the ability of the nominee to act as the plan nominee or correspondence nominee of the participant (as the case may be); or
 (ii) the ability of the CEO to give notices to the nominee under this Act; or
 (iii) the ability of the nominee to comply with notices given to the nominee by the CEO under this Act.
 (2) A notice under subsection (1) must specify:
 (a) how the nominee is to inform the Agency; and
 (b) the period within which the nominee is to inform the Agency, which must be a period of at least 14 days beginning on whichever of the following days is applicable:
 (i) the day on which the event or change of circumstances happens;
 (ii) the day on which the nominee becomes aware that the event or change of circumstances is likely to happen.
 (3) A notice under subsection (1) is not ineffective only because it does not comply with paragraph (2)(a).
 (4) This section extends to:
 (a) acts, omissions, matters and things outside Australia, whether or not in a foreign country; and
 (b) all persons, irrespective of their nationality or citizenship.