RG 74
Acquisitions approved by members
Issued 21 December 2011. This guide is for entities subject to Ch 6 of the Corporations Act—that is, companies with more than 50 members, listed companies and listed managed investment schemes.
In plain English
This guide explains how companies can approve acquisitions when members vote on them.
RG 74 applies to companies with over 50 members, listed companies, and listed managed investment schemes. It details the process for member-approved acquisitions. The guide was issued on 21 December 2011. It clarifies requirements for these entities under Chapter 6 of the Corporations Act.
Why it matters
If your company needs member approval for an acquisition, understand RG 74. It ensures the process is legally sound and protects directors from potential liability.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-74-acquisitions-approved-by-members/. Rules Mate indexes + summarises; always verify against the regulator's live publication.