"Corporations Act 2001 s 206B automatic disqualification from managing corporations"
Corporations Act 2001 (Cth) s 206B automatically disqualifies a person from managing corporations in specified conviction, bankruptcy, personal insolvency, CATSI Act disqualification, and foreign-court-order situations.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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Answer
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Corporations Act 2001 (Cth) s 206B provides for automatic disqualification from managing corporations. It covers specified convictions, including indictable offences concerning corporate decision-making or financial standing, Corporations Act offences punishable by more than 12 months imprisonment, dishonesty offences punishable by at least 3 months imprisonment, and certain foreign offences. The conviction-based disqualification period is generally 5 years from conviction, or 5 years from release if imprisonment is served. The section also covers undischarged bankruptcy, uncompleted personal insolvency agreements, disqualification from managing Aboriginal and Torres Strait Islander corporations, and certain foreign court orders. Official source checked: Federal Register of Legislation, Corporations Act 2001 current text, s 206B. Dogfood note: Source search for s 206B did not surface a native Corporations Act s 206B row; it returned adjacent proposed Corporations topics and unrelated CCA rows.
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