Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (69 of 2023)

Schedule 1   Modernising business communications

Part 4   Publication requirements and other amendments

Corporations Act 2001

95   After section 601CL

Insert:

601CLA Publishing notices relating to cessation of business etc.

(1) A notice mentioned in paragraph 601CL(15)(a) is published in accordance with this subsection if it is published:

(a) unless paragraph (b) of this subsection applies - in a manner that results in the notice being accessible to the public and reasonably prominent; or

(b) if a determination under subsection (2) is in force:

(i) if the determination specifies one or more manners of publication under paragraph (2)(a) - in a manner specified in the determination; or

(ii) if the determination specifies that such a notice may be published in the prescribed manner - in the prescribed manner.

Note: For publication in the prescribed manner, see section 1367A.

(2) For the purposes of paragraph (1)(b), ASIC may, by legislative instrument, make a determination specifying:

(a) unless the matter in paragraph (b) of this subsection is specified - one or more manners in which a notice mentioned in paragraph 601CL(15)(a) may be published; or

(b) that such a notice may be published in the prescribed manner.

(3) A manner of publication may be specified in the determination under paragraph (2)(a) only if ASIC considers that the manner of publication would result in such a notice being accessible to the public and reasonably prominent.