Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A responsible entity suspended under section 100 - 10 cannot become a responsible entity of the registered entity until the suspension ends.
(2) A responsible entity removed under section 100 - 15 cannot become a responsible entity of the registered entity.
(3) If:
(a) an individual is a responsible entity of a registered entity because:
(i) the registered entity is a company (or is a trust, a trustee of which is a company); and
(ii) the individual is a director of the company; and
(b) the individual is suspended under section 100 - 10 or removed under section 100 - 15;
the individual ceases to be a director of the company (until, in the case of suspension, the suspension ends).
Note: Suspension or removal of an individual as a responsible entity does not necessarily affect the rights or duties of the individual in other capacities.
For example, under the governing rules of an incorporated sporting club an individual may be a director of the club (and therefore a responsible entity) because he or she is the club captain. Removal of the individual as a responsible entity may not in itself remove the individual from the office of club captain.