Corporations Act 2001
A company or registered scheme must allow anyone to inspect a register kept under this Chapter. If the register is not kept on a computer, the person inspects the register itself. If the register is kept on a computer, the person inspects the register by computer.
Note: Other provisions that are relevant to the inspection of registers are:
(Repealed by No 131 of 2010, Sch 1 (effective 13 December 2010).) 173(2) Inspection fees.
A member of a company or a registered scheme, a registered option holder or a registered debenture holder may inspect a register kept under this Chapter without charge. Other people may inspect the register only on payment of any fee (up to the prescribed amount) required by the company or scheme.173(3) Right to get copies.
(a) makes an application to the company or registered scheme in accordance with subsection (3A); and
(b) pays any fee (up to the prescribed amount) required by the company or scheme.
ASIC may allow a longer period to comply with the request. If the register is kept on a computer, the company or registered scheme must give the copy to the person in the prescribed form.
(a) the application states each purpose for which the person is accessing the copy; and
(b) none of those purposes is a prescribed purpose; and
(c) the application is in the prescribed form.
Note: Sections 137.1 and 137.2 of the Criminal Code create offences for providing false or misleading information or documents.
A person has the same rights to inspect, and obtain copies of, the documents kept under subsection 170(3) as the person has in respect of the register of option holders itself.173(5) [ Share certificate numbers]
The company is not required under subsection (1) or (3) to allow a person to see, or to give a person a copy that contains, share certificate numbers.173(6) ASIC power in relation to register of debenture holders.
ASIC may exempt a company from complying with subsections (1) and (3) in relation to information in a register of debenture holders about debentures that are not convertible into shares or options over unissued shares.173(7) [ Form of exemption]
(a) must be in writing; and
(b) may be general or limited; and
(c) may be subject to conditions specified in the exemption. 173(8) [ Publication in the Gazette ]
ASIC must publish a copy of the exemption in the Gazette .173(9) [ Contravention of condition]
A person must not contravene a condition of the exemption.173(9A) [ Strict liability offence]
An offence based on subsection (1), (3) or (9) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
On application by ASIC, the Court may order a person who contravenes a condition of the exemption to comply with the condition.
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