Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.3B
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CRISIS RESOLUTION FOR CS FACILITY LICENSEES
Division 4
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Compulsory transfer of business or shares
Subdivision C
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Other matters
SECTION 839G
839G
INCOME OR OTHER DISTRIBUTION RECEIVED BY TARGET BODY
The target body must promptly account to the receiving body for any income or other distribution received by the target body after a certificate of transfer comes into force, if the income or distribution arises from assets transferred to the receiving body under this Division.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
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Hide history noteThe target body must promptly account to the receiving body for any income or other distribution received by the target body after a certificate of transfer comes into force, if the income or distribution arises from assets transferred to the receiving body under this Division.
Note: Failure to comply with this section is an offence: see subsection 1311(1) .
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