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CORPORATIONS ACT 2001 - SECT 324DAC

Notifications about approval to extend eligibility term

    If the directors of a listed company, of a listed registered scheme or of a registrable superannuation entity, 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

  (aa)   if the approval was granted by the directors of a registrable superannuation entity--give a copy of the resolution to APRA; 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 or 300C.


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