Commonwealth Consolidated Acts

ACIS ADMINISTRATION ACT 1999 - SECT 14

A person may only have one current registration under ACIS

             (1)  A person may only have one current registration under ACIS as either an MVP, ACP, AMTP or ASP.

Participant cannot be registered as a part of a group of related bodies corporate

             (2)  If a participant is registered as an individual participant under ACIS, a group of related bodies corporate of which the participant is a member must not be registered as a participant while the participant is registered individually.

Rule for members of a group that is a participant

             (3)  If a participant is a group of related bodies corporate, a member of that group must not be registered as an individual participant under ACIS while:

                     (a)  the member remains a member of the group; and

                     (b)  the group is a participant.

Meaning of group of related bodies corporate

             (4)  In this section, a reference to a group of related bodies corporate is a reference to a group of related bodies corporate within the meaning of sections 9 and 50 of the Corporations Law.