Section 667AA — Corporations Act 2001: 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: (a) an appropriate person to prepare the report; or (b) 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.