Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)
Schedule 6 Continuous disclosure
Part 1 General
Corporations Act 2001
2A Before subsection 675(3)
Insert:
(2B) A person does not contravene subsection (2A) if the person proves that they:
(a) took all steps (if any) that were reasonable in the circumstances to ensure that the disclosing entity complied with its obligations under subsection (2); and
(b) after doing so, believed on reasonable grounds that the disclosing entity was complying with its obligations under that subsection.
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