Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:2_323ef
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 2 cl 323EF
Character Range: 279331–280710

323EF  Referral to Financial Reporting Panel

 (1) The referral of the financial report to the Financial Reporting Panel must:
 (a) identify the relevant financial reporting requirement or requirements that, in ASIC's opinion, the financial report does not comply with; and
 (b) set out:
 (i) the reasons for ASIC's opinion that the financial report does not comply with that requirement or those requirements; and
 (ii) the changes that, in ASIC's opinion, would need to be made to the financial report to ensure that it does comply with that requirement or those requirements; and
 (c) be accompanied by a copy of:
 (i) the notice that ASIC gave the lodging entity under section 323ED; and
 (ii) any response that the lodging entity gave ASIC under section 323EE; and
 (d) be made within 14 days after:
 (i) the lodging entity gives ASIC the response under section 323EE; or
 (ii) the time for the lodging entity to give ASIC that response ends without the lodging entity having given that response.

 (2) The referral must be made in the prescribed form.

 (3) ASIC must give the lodging entity a copy of the referral on the day on which the referral is made.

 (4) For the purposes of this Act, the requirements referred to in paragraph (1)(a) are the disputed financial reporting requirements in relation to the financial report.

Subdivision C—Referral by lodging entity