Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 2 - Regulation of CS facility licensees  

Subdivision AA - Obligations on licensees and certain related bodies and persons  

SECTION 821L   NOTIFICATION FROM LIQUIDATOR AND REQUEST FOR INFORMATION ABOUT WINDING UP  

Notification of applications relating to winding up

821L(1)    
A liquidator, or a provisional liquidator, of a body corporate that:

(a)    is a CS facility licensee; or

(b)    is a related body corporate of a CS facility licensee and is incorporated in Australia;

must give written notice to the Reserve Bank, at least 7 days before making an application to the Court in relation to a matter arising under the winding-up of the body corporate.

821L(2)    
The notice must include details of the proposed application.

821L(3)    
The Reserve Bank is entitled to be heard on the application to the Court.

Information request

821L(4)    
The Reserve Bank may request the liquidator or provisional liquidator to give, within a reasonable time specified in the request, specified information in writing about:

(a)    the application; or

(b)    other matters relating to the winding-up, or proposed winding up, of the body corporate; or

(c)    the affairs of the body corporate.

821L(5)    
The liquidator or provisional liquidator must comply with the request.