Sender does not need to send document if member uncontactable
110JA Sender does not need to send document if member uncontactable
Sender taken to send document
This section applies if:
the sender is required or permitted to send a document to which this Division applies to the recipient under a provision of this Act; and
the conditions in subsection (3) are satisfied; and
any of the following apply:
where the sender is a company—the recipient is a member of the company;
where the sender is the responsible entity of a registered scheme—the recipient is a member of the scheme;
where the sender is the corporate director of a CCIV—the recipient is a member of the CCIV;
where the sender is a disclosing entity mentioned in subsection 111AC(1)—the recipient is a member of the disclosing entity;
where the sender is a disclosing entity mentioned in subsection 111AC(2)—the recipient is a member of the managed investment scheme mentioned in that subsection; and
the sender sends the document in accordance with the provision mentioned in paragraph (a) to one or more other members of a kind mentioned in whichever of subparagraphs (c)(i) to (v) applies.
For the purposes of the provision mentioned in paragraph (1)(a):
the sender is taken to send the document, as required or permitted in accordance with that provision, at the later of:
the time all of the conditions in paragraphs (3)(a), (b) and (c) are first satisfied; and
the time the sender first sends the document to one or more other members as mentioned in paragraph (1)(d); and
the recipient is taken to receive the document when it is taken to be sent under paragraph (a) of this subsection.
Conditions for relief
For the purposes of paragraph (1)(b), the conditions are that:
the sender has received notification in relation to each of the following addresses that indicates it is not a current address for the recipient:
if the sender is a company, responsible entity of a registered scheme or corporate director of a CCIV—the recipient’s address in the company, scheme or CCIV’s register of members;
any other addresses for the recipient, including any electronic addresses for receiving electronic communications, known to the sender because the recipient is a member mentioned in whichever of subparagraphs (1)(c)(i) to (v) applies; and
the sender reasonably believes that none of those addresses are a current address for the recipient; and
the sender is unable, after taking reasonable steps, to ascertain a current address for the recipient.
For the purposes of paragraph (3)(c), the sender has not taken reasonable steps unless the sender has attempted to communicate with the recipient using all contact details for the recipient that are known to the sender because the recipient is a member mentioned in whichever of subparagraphs (1)(c)(i) to (v) applies.
Sender must send notice for relief to continue to apply after period of 18 months
Subsection (6) applies if the period of 18 months starting on the day all of the conditions in paragraphs (3)(a), (b) and (c) are first satisfied has ended.
Subsection (2) does not apply to the sending of a document mentioned in paragraph (1)(d) if, within the last 12 months of that period, the sender did not take reasonable steps to advise the recipient that:
the sending of documents to which this Division applies to the recipient by the sender is suspended; and
although that sending has been suspended, it will be resumed if the recipient provides a current address (which may be an electronic address) for being sent those documents.
This Act’s bill:Explanatory memorandumSecond reading speech
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