Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 667AA

Expert to be nominated

(1) A person who proposes to obtain an expert's report for the purposes of section 663B, 664C or 665B must request ASIC in writing to nominate a person to prepare the expert's report. (2) Within 14 days after receiving a request under subsection (1), ASIC must nominate:

an appropriate person to prepare the report; or

up to 5 appropriate persons, one of whom the person making the request may choose to prepare the report.

(3) In determining whether a person is an appropriate person to prepare an expert's report, and without limiting the matters that ASIC may consider, ASIC must consider the nature of the company to be valued.

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