Corporations Act 2001
View history note
Hide history noteIf the directors of a listed company, of a listed registered scheme or of a registrable superannuation entity, grant an approval under section 324DAA , the directors must, within 14 days of granting the approval: (a) lodge a copy of the resolution granting the approval with ASIC; and (aa) if the approval was granted by the directors of a registrable superannuation entity - give a copy of the resolution to APRA; and (b) give a copy of the resolution to:
(i) if the individual to whom the approval relates does not act on behalf of an audit firm or company - the individual; and
(ii) if the individual to whom the approval relates acts on behalf of an audit firm or company - the audit firm or company on whose behalf the individual acts.
Note: Details of the approval, and the reasons for the approval, must be included in the directors ' report under section 300 or 300C .
[ CCH Note: S 324DAC will be amended by No 69 of 2020, s 3, Sch 1[623] and [ 624], by substituting " the Registrar " for " ASIC " in para (a) and inserting " Lodgement of the copy of the resolution must meet any requirements of the data standards. " before the note, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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