compulsory acquisition Records of unclaimed compulsory acquisition
consideration
(1) If a company is paid consideration in respect of securities
that are compulsorily acquired under Part 6A.1 or 6A.3, the company must
maintain records of:
- (a)
- the consideration paid (including any benefit
accruing from the consideration and any property substituted for the whole or
any part of that consideration); and
- (b)
- the people who are entitled to that consideration; and
- (c)
- any transfers of the consideration to the people entitled to it.
(2) The company must keep the records at:
- (a)
- its registered office; or
- (b)
- its principal place of business in this jurisdiction; or
- (c)
- another place in this jurisdiction approved by ASIC.
(3) A person may ask the company to let the person inspect all or any of the
records kept by the company under this section. The company must let the
person inspect the records:
- (a)
- if the company requires payment of an amount
not exceeding the prescribed amountwithin 7 days after the day on which
the company receives that amount; or
- (b)
- in any other casewithin 7 days after the day on which the request is
made.
(4) By the end of February each year, the company must publish in the Gazette
a copy of the records kept under subsection (1) as at the end of the
previous December.