CORPORATIONS ACT 2001

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS  

PART 6A.4 - EXPERTS' REPORTS AND VALUATIONS  

SECTION 667AA   EXPERT TO BE NOMINATED  

667AA(1)   [ Request]  

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)   [ ASIC to nominate]  

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)   [ Determining appropriate person]  

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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