Document ID: chunk:federal_register_of_legislation:C2025C00185:section:7
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 7
Character Range: 4888281–4890339

7                                        the home regulator begins enforcement action, or exercises a power it has under law, in relation to the offeror or offer                                               written notice in the prescribed form (if any) of the details of the action taken or power exercised                           no later than 7 days after the action is taken or the power is exercised.

 (10) For the purposes of this Chapter, a person is taken to have lodged a document under subsection (9) if:
 (a) the document has been lodged under Division 2 or 3 of Part 5B.2; or
 (b) the document is not required to be lodged because of section 601CDA or 601CTA.
 (11) If:
 (a) an event mentioned in the table in subsection (9) occurs while the offering conditions in this section apply; and
 (b) the time by which an offeror is required to lodge a document, statement or notice with ASIC because of that event is after the offering conditions cease to apply;
then, for the purposes of this section and paragraph 1200Q(1)(b), the offering conditions are taken to continue to apply until that time in relation to the offer to the extent necessary to require the offeror to lodge the document, statement or information by that time.
 (12) The offer must meet any other conditions prescribed by the regulations.

Home regulator
 (13) For the purposes of subsection (9), the home regulator for a recognised jurisdiction is an authority in the recognised jurisdiction whose functions under the law of the recognised jurisdiction include functions equivalent to any of those of ASIC under this Act and that is prescribed by the regulations as the home regulator for that jurisdiction.
 (14) If there is more than one authority in a recognised jurisdiction whose functions include functions under the law of the recognised jurisdiction equivalent to any of those of ASIC under this Act and that is prescribed under subsection (13), the regulations may prescribe the matters in relation to which that authority is to be regarded as the home regulator.