Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_792b:p2
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 792B (pt 2/2)
Character Range: 92118–93273

in relation to the market in the foreign country in which the licensee's principal place of business 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 executive officer 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 15% 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)).