Corporations Act 2001
If the directors of a listed company, or of a listed registered scheme, grant an approval under section 324DAA , the directors must, within 14 days of granting the approval:
(a) lodge a copy of the resolution granting the approval with ASIC; and
(b) give a copy of the resolution to:
(i) if the individual to whom the approval relates does not act on behalf of an audit firm or company - the individual; and
(ii) if the individual to whom the approval relates acts on behalf of an audit firm or company - the audit firm or company on whose behalf the individual acts.
Note: Details of the approval, and the reasons for the approval, must be included in the directors ' report under section 300 .
[ CCH Note: S 324DAC will be amended by No 69 of 2020, s 3, Sch 1 and [ 624], by substituting " the Registrar " for " ASIC " in para (a) and inserting " Lodgement of the copy of the resolution must meet any requirements of the data standards. " before the note, (effective 22 June 2022 or a day or days to be fixed by Proclamation).]