- (1)
- For clause 38 of Schedule 4 to the Act, the Act is modified in accordance
with this regulation.
- (2)
- The register of members that is mentioned in
subsection 169 (1) of the Act may have a separate part for members of the
body corporate who hold member shares.
- (3)
- Section 173 of the Act is modified in relation to the body corporate by
inserting after subsection 173 (1):
- (1A)
- However, a body corporate
mentioned in regulation 12.8.02 of the Corporations Regulations may, before
allowing a person to inspect the part of the register for members of the body
corporate who hold member shares, require the person to agree in writing with
the body that the person will only:
- (a)
- divulge information obtained by the person from inspecting the register to
a person who is, or to persons who are, specified in the agreement; or
- (b)
- use information obtained by the person from inspecting the register for a
purpose that is, or purposes that are, specified in the agreement.
- (1B)
- Also, the body corporate may refuse to allow a person to inspect the part
of the register for members of the body who hold member shares if the body is
not satisfied that:
- (a)
- the person is a member of the body who intends to call a meeting of
members, or of particular members, of the body; or
- (b)
- the person proposes to inspect the register for a purpose that is approved
in writing by ASIC:
(i) on its own initiative; or
(ii) on the written application of the person or of another person.
- (4)
- Section 173 of the Act is modified in relation to the body corporate
by inserting after subsection 173 (3):
- (3A)
- However, a body
corporate mentioned in regulation 12.8.02 of the
Corporations Regulations may, before giving a person a copy of the
part of the register for members of the body corporate who hold
member shares, require the person to agree in writing with the body
that the person will only:
- (a)
- give the original copy, or a copy of that original, to a person who is, or
to persons who are, specified in the agreement; or
- (b)
- use information obtained from that part of the register for a purpose that
is, or purposes that are, specified in the agreement.
- (3B)
- Also, the body corporate may refuse to give a person a copy of the part
of the register for members of the body who hold member shares if the body is
not satisfied that:
- (a)
- the person is a member of the body who intends to call a meeting of
members, or of particular members, of the body; or
- (b)
- the person proposes to use information obtained from that part of the
register for a purpose that is approved in writing by ASIC:
(i) on its own initiative; or
(ii) on the written application of the person or of another person.
- (5)
- In subregulations (3) and (4), a reference to the part of the register
for members of a body corporate who hold member shares includes a
reference to:
- (a)
- the register of members of the body corporate
that is a company limited by guarantee; and
- (b)
- the register of members of the body corporate limited by shares and
guarantee who do not hold shares in the body.