Corporations Act 2001
[ CCH Note: Div 5 heading will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
ASIC may give a company, registered scheme or disclosing entity a direction to lodge with ASIC a copy of reports prepared or obtained by it under Division 1 or 2.
[ CCH Note: S 321(1) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " (last occurring), (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
ASIC may give a notified foreign passport fund a direction to lodge with ASIC:
(a) a copy of a report for the fund for a financial year, prepared in accordance with the financial reporting requirements applying to the fund under the Passport Rules for the home economy for the fund; and
(b) a copy of each auditor ' s report that relates to the report mentioned in paragraph (a).
An offence based on subsection (1) or (1AA) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
The direction must:
(a) be made in writing; and
(b) specify the period or periods concerned; and
(c) be made no later than 6 years after the end of the period or periods; and
(d) specify the date by which the documents have to be lodged.
The date specified under paragraph (d) must be at least 14 days after the date on which the direction is given.