Commonwealth Consolidated Acts

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ASIC may direct company to apply for Court approval for modifications of constitution

             (1)  ASIC may give the company a written direction to apply to the Court within a specified period for an order approving the modified constitution.

             (2)  The Court may make an order:

                     (a)  declaring that the company has complied with section 601BH; or

                     (b)  declaring that the company will comply with section 601BH if it makes further modifications of its constitution as specified in the order.

             (3)  The company must lodge a copy of the order with ASIC within 14 days after the order is made.

             (4)  An offence based on subsection (3) is an offence of strict liability.

Note:          For strict liability , see section 6.1 of the Criminal Code .

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