Corporations Regulations 2001

SCHEDULE 8 - SCHEMES OF ARRANGEMENT UNDER PART 5.1 OF THE ACT  

(regulation 5.1.01 )

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 3 - PRESCRIBED INFORMATION RELATING TO PROPOSED COMPROMISE OR ARRANGEMENT WITH MEMBERS OR A CLASS OF MEMBERS  

SECTION 8305.  

8305.    
If:

(a) the company the subject of the Scheme obtains a report for clause 3; and

(b) the report contains:

(i) a forecast of the profits or profitability of the company; or

(ii) a statement that the market value of an asset or assets of the company or of a related body corporate differs from an amount at which the value of the asset or assets is shown in the books of the company or the related body corporate;

that report must not accompany the statement except with the consent in writing of ASIC and in accordance with such conditions (if any) as are stated by ASIC.