Corporations Act 2001
A person referred to in the table in subsection 670B(1) in relation to a document must notify the issuer of the document in writing as soon as practicable if they become aware during the bid period or objection period that: (a) a material statement in the document is misleading or deceptive; or (b) there is a material omission from the document of information required by section 636 , 638 or 640 ; or (c) a material new circumstance that:
(i) has arisen since the document was lodged; and
(ii) would have been required by section 636 , 638 or 640 to be included in the document if it had arisen before the document was lodged.
[ CCH Note: S 670C(1) will be amended by No 69 of 2020, s 3, Sch 1[1055], by inserting " with the Registrar " after " lodged " in para (c)(i) (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
670C(2)
An expert whose report accompanies, or is included in, a target's statement under section 640 must notify the target in writing as soon as practicable if they become aware during the bid period or objection period that: (a) a material statement in the report is misleading or deceptive; or (b) there has been a significant change affecting information included in the report.
View history note
Hide history note670C(3)
An expert whose report accompanies, or is included in, a bidder's statement under subsection 636(2) must notify the bidder in writing as soon as practicable if they become aware during the bid period or objection period that: (a) a material statement in the report is misleading or deceptive; or (b) there has been a significant change affecting information included in the report.
670C(4)
An offence based on subsection (1) , (2) or (3) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
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