In the case of a new applicant, the latest financial period for which audited accounts have been prepared must not have ended more than twelve months before the date of the disclosure document.  |
|
|---|---|
| Rule: | IIA 3.7 |
| Date Requested: | Tuesday, February 12, 2008 |
| Requested By: | Minter Ellison Gold Coast |
| Date Approved: | Friday, February 29, 2008 |
| Approved By: | Compliance Committee |
| Issuer: | GCO |
| Securities: | GCO |
| Description of Rule: | In the case of a new applicant, the latest financial period for which audited accounts have been prepared must not have ended more than twelve months before the date of the disclosure document. |
| Waiver Requested: | Golden Circle Limited ’s submission was based on the fact that relief has been granted by ASIC in relation to the Corporations Act reporting requirements to facilitate the change in financial year The relief operated to exempt Golden Circle Limited from preparing an annual report for the period ended 31 December 2007. The last audited accounts were prepared for the period ended 31 December 2006 Golden Circle Limited prepared reviewed accounts to 30 June 2007 and 31 December 2007. |
| Effect of Waiver: | Waiver relief was granted to Golden Circle Limited to the extent necessary to recognise that accounts to 31 December 2006 were the most recently audited accounts to be provided as part of its application. Relief was granted subject to receipt of reviewed accounts to 31 December 2007. |