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Schedule 2—Consequential amendments

Schedule 2 Consequential amendments

   

Corporations Act 2001

1  After section 206EB

Insert:

206EC   Disqualification under the Fair Work Act 2 009

                   A person is disqualified from managing corporations if a court order disqualifying the person from managing corporations is in force under section 546A of the Fair Work Act 2009 .

2  After section 206GA

Insert:

206GB   Involvement of applicants for disqualification orders under the Fair Work Act 2 009 —leave orders under section 206G

Scope of section

             (1)  This section applies in relation to a person who is disqualified from managing corporations under section 206EC.

Notice lodged with ASIC before leave application

             (2)  If the person lodges a notice with ASIC under subsection 206G(2), ASIC must give the applicant for the order mentioned in section 206EC a copy of the notice.

Leave orders

             (3)  If the person lodges a copy of an order with ASIC under subsection 206G(4), ASIC must give the applicant for the order mentioned in section 206EC a copy of the order.

Revoking leave

             (4)  If ASIC decides to apply for an order under subsection 206G(5) in relation to the person, it must consult the applicant for the order mentioned in section 206EC before making the application under that subsection.

3  Paragraph 1274AA(1)(a)

After “206EB”, insert “, 206EC,”.

4  After paragraph 1274AA(2)(ac)

Insert:

                   (ad)  every court order referred to in section 206EC; and