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 5 - EXTERNAL ADMINISTRATION  

PART 5.2 - RECEIVERS, AND OTHER CONTROLLERS, OF PROPERTY OF CORPORATIONS  

SECTION 422B  END OF CONTROL RETURN  

 View history reference

Application of this section

422B(1)  

This section applies if the control of the property of a corporation ends.

End of receivership return to be lodged

422B(2)  

The person who is the controller of the property of the corporation when the control of the property of the corporation ends (the last controller) must lodge a return in relation to the control of the property of the corporation.

422B(3)  

The return must:


(a) be in the approved form; and


(b) be lodged with ASIC within 1 month after the control of the property of the corporation ends.

Note: Fees for lodging documents and late lodgement fees may be imposed under the Corporations (Fees) Act 2001.

Notice of lodgement to be given

422B(4)  

The last controller must give notice that the return has been lodged to a person mentioned in subsection (5), if that person requests in writing that the last controller give the person such a notice.

Note: For notification, see section 600G.

422B(5)  

The persons who may request such a notice are:


(a) the members of the corporation; and


(b) the creditors; and


(c) the corporation; and


(d) if the corporation is a company under external administration - the external administrator of the company.

[CCH Note: Regulation 10.25.02(3)(g) (which was effective 1 March 2017) provides that the amendments made by No 11 of 2016, s 3, Sch 2[91] apply in relation to external administrations on and after 1 September 2017.]


 



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