THE CORPORATIONS LAW

CHAPTER 6D - FUNDRAISING

PART 6D.2 - DISCLOSURE TO INVESTORS ABOUT SECURITIES

Division 5 - Procedure for offering securities

SECTION 720   CONSENTS NEEDED FOR LODGMENT  

[Consents for issue offers. ]

720     The lodgment of a disclosure document, or a supplementary or replacement document, for the offer of a body's securities requires the consent of:

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Consents required for lodgment              [operative]
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   Type of offer              People whose consent is
                              required
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   Issue offers

 1 offer of securities for    every director of the body
   issue
                              every person named in the
                              document as a proposed
                              director of the body

                              if securities interests in
                              a managed investment
                              scheme made available by
                              a body -- every director
                              of that body

                              if securities interests in
                              a managed investment
                              scheme made available by
                              an individual -- that
                              individual
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   sale offers (sale by
   controller)

 2 offer of securities for    if seller an individual -- 
   sale that needs a          that individual
   disclosure document
   because of subsection      if seller a body -- every
   707(2)                     director of the body
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   sale offers (sale
   amounting to indirect
   issue)

 3 offer of securities for    every director of the body
   sale that needs a          whose securities are
   disclosure document        offered for sale
   because of subsection
   707(3)                     if seller an individual --
                              that individual

                              if seller a body -- every
                              director of the body
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   sale offers (sale
   amounting to indirect
   sale by controller)

 4 offer of securities for    if seller an individual -- 
   sale that needs a          that individual
   disclosure document
   because of subsection      if seller a body -- every
   707(5)                     director of the body

                              if individual controls the
                              body whose securities are
                              offered for sale -- that
                              individual

                              if body controls the body
                              whose securities are
                              offered for sale -- every
                              director of the 
                              controlling body
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