Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 324DAC

                   If the directors of a listed company, or of a listed registered scheme, 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

                     (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.