SECTION 601FPAPPOINTMENT OF TEMPORARY RESPONSIBLE ENTITY BY COURT
Temporary responsible entity]
On application under section 601FL or 601FN, the Court may, by order, appoint a company as the temporary responsible entity of a registered scheme if the Court is satisfied that the appointment is in the interest of the members.
The Court may make any further orders that it considers necessary.
Lodgment with ASIC]
If the application was made by the current responsible entity, it must, as soon as practicable after the Court's order appointing the temporary responsible entity, lodge a notice with ASIC informing ASIC of the appointment made by the Court.
Alteration of record]
As soon as practicable after the appointment, ASIC must alter the record of the scheme's registration to name the appointed company as the scheme's temporary responsible entity.