Corporations Legislation Amendment Act 2003 (24 of 2003)

Schedule 3   Electronic lodgments

Corporations Act 2001

3   Before Chapter 5

Insert:

353 Electronic lodgment of certain documents

(1) ASIC may determine conditions in relation to the electronic lodgment of documents:

(a) that must be given to a relevant market operator under section 205G; or

(b) that must be given to ASIC under section 792C.

(2) The electronic lodgment of a document covered by a determination under subsection (1) is only effective if the lodgment complies with the conditions determined.

(3) ASIC must publish in the Gazette a copy of any determination under subsection (1).

354 Telephone notice of certain changes

(1) ASIC may, in its discretion, accept telephone notice of a change to a particular in relation to a company or a registered scheme if:

(a) either:

(i) the change relates to a misspelling or other minor typographical error; or

(ii) the change is to a particular included on a list published by ASIC on the Internet for the purposes of this section; and

(b) the notice satisfies the authentication requirements published by ASIC on the Internet for the purposes of this section.

(2) If ASIC accepts telephone notice of a change to a particular under subsection (1), any obligation elsewhere in this Act to lodge a prescribed form in relation to the change is satisfied by the telephone notice. However, this does not affect the company's liability for late lodgment fees incurred before the notice is given or continuing offences committed before that time.