Corporations Act 2001
CHAPTER 7
-
FINANCIAL SERVICES AND MARKETS
PART 7.12
-
MISCELLANEOUS
Division 1A
-
Employee share schemes
Subdivision F
-
ASIC powers
SECTION 1100ZM
ASIC
'
S POWER TO REQUEST DOCUMENTS
1100ZM(1)
ASIC may require a person who makes, or purports to make, an offer of ESS interests to produce to ASIC such documents, or to give to ASIC such information, as ASIC thinks necessary in order to form an opinion about whether the provisions of this Division have been complied with.
1100ZM(2)
The person must provide the information within such reasonable period, and in such form, as are specified by ASIC.
1100ZM(3)
An offence based on subsection (2) is an offence of strict liability.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH Note: Division 1A is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
CCH Note: Subdivision F is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
CCH Note: Section 1100ZM is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
ASIC may require a person who makes, or purports to make, an offer of ESS interests to produce to ASIC such documents, or to give to ASIC such information, as ASIC thinks necessary in order to form an opinion about whether the provisions of this Division have been complied with.
1100ZM(2)
The person must provide the information within such reasonable period, and in such form, as are specified by ASIC.
1100ZM(3)
An offence based on subsection (2) is an offence of strict liability.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.