A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

CORPORATIONS ACT 2001

CHAPTER 2L - DEBENTURES  

PART 2L.3 - DUTIES OF GUARANTOR  

SECTION 283CC  

283CC  DUTY TO INFORM TRUSTEE ABOUT SECURITY INTERESTS  

 View history reference

If the guarantor creates a security interest, it must:


(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.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page