Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1020A

1020A. (1) Where a registrable prospectus is lodged, the Commission shall,
subject to subsection (2), register the prospectus as soon as possible and in
any event within the prescribed period.

(2) The Commission shall refuse to register a prospectus if:

   (a)  it appears that the prospectus does not comply with the requirements
        of this Division; or

   (b)  the Commission is of the opinion that the prospectus contains a false
        or misleading statement or that there is an omission from the
        prospectus.