Corporations Act 2001
A proprietary company must notify ASIC within the time determined under section 178D and in the prescribed form, if:
(a) it is required to add or alter a particular in the register it maintains under section 169 ; and
(b) the particular is one required to be kept under any of the following:
(i) subsection 169(1) (name and address and date of entry of member's name into register);
(ii) paragraph 169(3)(b) (number of shares in each allotment to the member);
(iii) paragraph 169(3)(c) (the number of shares held by the member);
(iv) paragraph 169(3)(d) (the class of shares held by the member);
(v) paragraph 169(3)(ea) (the amount paid on the member's shares);
(vi) paragraph 169(3)(eb) (whether the member's shares are fully paid);
(vii) paragraph 169(3)(f) (the amount unpaid, if any, on the member's shares);
(viii) subsection 169(5A) (statement whether any of the member's shares are held beneficially);
(ix) subsection 169(6AA) (shares issued as a result of CSF offers).
An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .