Corporations Act 2001
CHAPTER 6A
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COMPULSORY ACQUISITIONS AND BUY-OUTS
PART 6A.4
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EXPERTS
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REPORTS AND VALUATIONS
SECTION 667AA
EXPERT TO BE NOMINATED
667AA(1)
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)
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)
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.
Modifying legislative instruments: The application of Ch 6A is affected by the following legislative instruments that commenced on or after 1 January 2022: ASIC Corporations (Compulsory Acquisitions and Buyouts) Instrument 2023/684.
For legislative instruments or class orders before 1 January 2022 that affect the application of Ch 6A, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
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)
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)
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.
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