Corporations Act 2001
The copy of the target ' s statement that is lodged with ASIC must be approved by:
(a) if paragraphs (b) and (c) do not apply - a resolution passed by the directors of the target; or
(b) for a target that is under administration - the liquidator or administrator; or
(c) for a target that has executed a deed of company arrangement that has not yet terminated - the deed ' s administrator.
[ CCH Note: S 639(1) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
The target ' s statement must be dated. The date is the date on which it is lodged with ASIC.
[ CCH Note: S 639(2) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
An offence based on subsection (1) or (2) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
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