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TRADEX SCHEME ACT 1999 - SECT 15
Holder to notify ineligibility
- (1)
- If the holder of a tradex order:
- (a)
- becomes aware that the holder was ineligible to apply for the order; or
- (b)
- becomes ineligible to hold the order;
the holder must, within 7 days after becoming aware as mentioned in paragraph
- (a)
- or becoming ineligible as mentioned in paragraph (b), give notice to the
Secretary in accordance with subsection (2).
- Note: The Secretary has power to extend the period referred to in subsection
(1) (see section 43).
- (2)
- The notice must:
- (a)
- be in writing; and
- (b)
- be in accordance with the approved form; and
- (c)
- state the tradex number allocated to the order; and
- (d)
- state that the holder was ineligible to apply for the order, or has become
ineligible to hold the order, as the case may be; and
- (e)
- set out particulars of the circumstances that gave rise to the
ineligibility; and
- (f)
- contain such other information as the form requires; and
- (g)
- be signed in the manner indicated in the form; and
- (h)
- be lodged with the Secretary.
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