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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 B - Administration returns  

CLAUSE 70-6  END OF ADMINISTRATION RETURN  

 View history reference

Application of this section

70-6(1)  

This section applies if the external administration of a company ends.

End of administration return to be lodged

70-6(2)  

The person who is the external administrator of the company when the external administration of the company ends (the last external administrator) must lodge a return in relation to the external administration of the company.

70-6(3)  

The return must:


(a) be in the approved form; and


(b) be lodged with ASIC within 1 month after the end of the external administration of the company.

Note 1: Fees for lodging documents and late lodgement fees may be imposed under the Corporations (Fees) Act 2001.

Note 2: ASIC must deregister the company 3 months after the end of administration return is lodged (see section 509).

Notice of lodgement to be given

70-6(4)  

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The last external administrator 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 external administrator give the person such a notice.

Note: For notification, see section 600G.

70-6(5)  

The persons who may request such a notice are:


(a) in a members' voluntary winding up - the members of the company; and


(b) in a creditors' voluntary winding up - the creditors; and


(c) in a court-ordered winding up - the creditors; and


(d) if the external administrator is appointed as a provisional liquidator - the Court; and


(e) if the company is under administration or has executed a deed of company arrangement - the company.

Note: For notification, see section 600G.

Returns for pooled groups

70-6(6)  

If 2 or more companies are members of a pooled group, then the returns under subsection (2) for those companies may be set out in the same document.

 



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