Corporations Act 2001
CCH Note: Section 667AA is modified by the ASIC Corporations (Takeover Bids) Instrument 2023/683; and the ASIC Corporations (Compulsory Acquisitions and Buyouts) Instrument 2023/684.
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)
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)
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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