CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS
History
Chapter 6A inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).
PART 6A.4 - EXPERTS' REPORTS AND VALUATIONS
History
Part 6A.4 inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).
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]
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.
History
S 667AA inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).
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