Section 1546R — Corporations Act 2001: Application of obligation to notify ASIC about a person who ceases to have control of a body corporate licensee

Section 922K, as inserted by the amending Act, applies in relation to a person who ceases to have control of a body corporate licensee if: (a) the person ceases to have control of the licensee after commencement; or (b) both of the following apply: (i) the person ceases to have control of the licensee before commencement; (ii) immediately before commencement, a notice has not been lodged in accordance with section 922K, as notionally inserted into this Act by Schedule 8D to the Corporations Regulations 2001.