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CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)    View history reference

Note: See section 600K.

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 70 - Information  

Subdivision D - Giving information etc. to creditors and others  

CLAUSE 70-47  RIGHT OF INDIVIDUAL MEMBER TO REQUEST INFORMATION ETC. FROM EXTERNAL ADMINISTRATOR IN A MEMBERS' VOLUNTARY WINDING UP  

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70-47(1)  

This section applies in relation to a members' voluntary winding up.

70-47(2)  

A member of the company may request the external administrator of a company to:


(a) give information; or


(b) provide a report; or


(c) produce a document;

to the member.

70-47(3)  

The external administrator must comply with the request unless:


(a) the information, report or document is not relevant to the external administration of the company; or


(b) the external administrator would breach his or her duties in relation to the external administration of the company if the external administrator complied with the request; or


(c) it is otherwise not reasonable for the external administrator to comply with the request.

70-47(4)  

The Insolvency Practice Rules may prescribe circumstances in which it is, or is not, reasonable for an external administrator of a company to comply with a request of a kind mentioned in subsection (2).

 



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