THE CORPORATIONS LAW

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS

PART 6A.4 - EXPERTS' REPORTS AND VALUATIONS

SECTION 667AA   EXPERT TO BE NOMINATED  

667AA(1)  [Request]  

A person who proposes to obtain an expert's report for the purposes of section 663B, 664C or 665B must request ASIC in writing to nominate a person to prepare the expert's report.

667AA(2)  [ASIC]  

Within 14 days after receiving a request under subsection (1), ASIC must nominate:

(a)  an appropriate person to prepare the report; or

(b)  up to 5 appropriate persons, one of whom the person making the request may choose to prepare the report.

667AA(3)  [Determining appropriate person]  

In determining whether a person is an appropriate person to prepare an expert's report, and without limiting the matters that ASIC may consider, ASIC must consider the nature of the company to be valued.




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