Corporations Act 2001
CHAPTER 6D
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FUNDRAISING
PART 6D.2
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DISCLOSURE TO INVESTORS ABOUT SECURITIES (OTHER THAN FOR CSF OFFERS)
The lodgment of a disclosure document, or a supplementary or replacement document, for the offer of a body ' s securities requires the consent of:
Division 5
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Procedure for offering securities
SECTION 720
720
CONSENTS NEEDED FOR LODGMENT
The lodgment of a disclosure document, or a supplementary or replacement document, for the offer of a body ' s securities requires the consent of:
Consents required for lodgment | [ operative ] | |
Type of offer | People whose consent is required | |
Issue offers | ||
1 | offer of securities for issue (other than an offer of simple corporate bonds under a 2-part simple corporate bonds prospectus) | every director of the body |
every person named in the document as a proposed director of the body | ||
if securities interests in a managed investment scheme made available by a body - every director of that body | ||
if securities interests in a managed investment scheme made available by an individual - that individual | ||
Simple corporate bonds issue offers | ||
1A | offer of simple corporate bonds under a 2-part simple corporate bonds prospectus | every director of the body |
every person named in the document as a proposed director of the body | ||
if simple corporate bonds in a managed investment scheme made available by a body - every director of that body | ||
if simple corporate bonds in a managed investment scheme made available by an individual - that individual | ||
sale offers (sale by controller) | ||
2 | offer of securities for sale that needs a disclosure document because of subsection 707(2) | if seller an individual
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that individual
if seller a body - every director of the body |
sale offers (sale amounting to indirect issue) | ||
3 | offer of securities for sale that needs a disclosure document because of subsection 707(3) | every director of the body whose securities are offered for sale
if seller an individual - that individual if seller a body - every director of the body |
sale offers (sale amounting to indirect sale by controller) | ||
4 | offer of securities for sale that needs a disclosure document because of subsection 707(5) | if seller an individual
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that individual
if seller a body - every director of the body if individual controls the body whose securities are offered for sale - that individual if body controls the body whose securities are offered for sale - every director of the controlling body |
[ CCH Note: S 720 will be amended by No 69 of 2020, s 3, Sch 1[1119], by inserting " with the Registrar " after " The lodgment " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
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