Section 1272B — Corporations Act 2001: Meaning of eligible officer

(1) An eligible officer is: (a) a director of a company, or of a body corporate that is a registered Australian body or registered foreign company, who: (i) is appointed to the position of a director; or (ii) is appointed to the position of an alternate director and is acting in that capacity; regardless of the name that is given to that position; or (b) any other officer of a company, or of a body corporate that is a registered Australian body or registered foreign company, who is an officer of a kind prescribed by the regulations; but does not include a person covered by a determination under subsection (2) or (3). Note: This subsection has a modified operation in relation to CCIVs: see section 1242. (2) The Registrar may determine that a particular person is not an eligible officer. The Registrar must notify the person of the determination. (3) The Registrar may, by legislative instrument, determine that a class of persons are not eligible officers.