Section 720 — Corporations Act 2001: Consents needed for lodgment
Text of the provision Official document
The lodgment of a disclosure document, or a supplementary or replacement document, for the offer of a body’s securities requires the consent of: Consents required for lodgment [operative] Type of offer People whose consent is required 1 Issue offers offer of securities for issue (other than an offer of simple corporate bonds under a 2-part simple corporate bonds prospectus) every director of the body every person named in the document as a proposed director of the body 1A Simple corporate bonds issue offers offer of simple corporate bonds under a 2-part simple corporate bonds prospectus every director of the body every person named in the document as a proposed director of the body 2 sale offers (sale by controller) offer of securities for sale that needs a disclosure document because of subsection 707(2) if seller an individual—that individual if seller a body—every director of the body 3 sale offers (sale amounting to indirect issue) offer of securities for sale that needs a disclosure document because of subsection 707(3) every director of the body whose securities are offered for sale if seller an individual—that individual if seller a body—every director of the body 4 sale offers (sale amounting to indirect sale by controller) offer of securities for sale that needs a disclosure document because of subsection 707(5) if seller an individual—that individual if seller a body—every director of the body if individual controls the body whose securities are offered for sale—that individual if body controls the body whose securities are offered for sale—every director of the controlling body
Official source: Federal Register of Legislation
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