283CC DUTY TO INFORM TRUSTEE ABOUT SECURITY INTERESTS
S 283CC heading amended by No 96 of 2010, s 3, Sch 1, Pt 3 (effective 30 January 2012).
(a) give the trustee written details of the security interest within 21 days after it is created; and
(b) if the total amount to be advanced on the security of the security interest is indeterminate, give the trustee written details of:
(i) the amount of each advance made within 7 days after it is made; or
(ii) where the advances are merged in a current account with bankers, trade creditors or anyone else - the net amount outstanding on the advances at the end of every 3 months.
S 283CC amended by No 96 of 2010, s 3, Sch 1, Pt 3 (effective 30 January 2012).