Section 720Corporations Act 2001 (Cth)

Consents needed for lodgment

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

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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