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CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES    View history reference

PART 5D.6 - ASIC-APPROVED TRANSFERS OF ESTATE ASSETS AND LIABILITIES    View history reference

Division 3 - Other matters related to the transfer of estate assets and liabilities    View history reference

SECTION 601WCF  

601WCF  INCOME OR OTHER DISTRIBUTION RECEIVED BY TRANSFERRING COMPANY  

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The transferring company must promptly account to the receiving company for any income or other distribution received by the transferring company after a certificate of transfer comes into force, if the income or distribution arises from assets transferred to the receiving company under this Part.

Note: Failure to comply with this section is an offence (see subsection 1311(1)).


 



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