CORPORATIONS ACT 2001
Note: See section
GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS
External administrator must keep proper books
An external administrator of a company must keep proper books in which the external administrator must cause to be made:
(a) entries or minutes of proceedings at meetings relating to the external administration of the company; and
(b) such other entries as are necessary to give a complete and correct record of the external administrator
s administration of the company
The external administrator must:
(a) ensure that the books are available at the external administrator
s office for inspection; and
(b) permit a creditor or contributory, or another person acting on the creditor
s or contributory
s behalf, to inspect the books at all reasonable times.
Subsections (1) and (2) do not apply if the external administrator has a reasonable excuse.
A person commits an offence of strict liability if:
(a) the person is subject to a requirement under subsection (1) or (2); and
(b) the person fails to comply with the requirement.
Penalty: 5 penalty units.
Note: A defendant bears an evidential burden in relation to the matter in subsection (3) (see subsection 13.3(3) of the