CORPORATIONS ACT 2001
DUTIES OF BORROWER
The borrower must:
283BB GENERAL DUTIES
(a) carry on and conduct its business in a proper and efficient manner; and
(b) provide a copy of the trust deed to:
(i) a debenture holder; or
if they request a copy; and
(ii) the trustee;
(c) make all of its financial and other records available for inspection by:
(i) the trustee; or
(ii) an officer or employee of the trustee authorised by the trustee to carry out the inspection; or
and give them any information, explanations or other assistance that they require about matters relating to those records.
(iii) a registered company auditor appointed by the trustee to carry out the inspection;
Note: The borrower also has a duty to call a meeting of debenture holders in certain circumstances (see section 283EA).