Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 70 - Information  

Subdivision C - Record-keeping  

SECTION 70-25   EXTERNAL ADMINISTRATOR TO COMPLY WITH AUDITOR REQUIREMENTS  

Application of this section

70-25(1)    
This section applies if books are audited under section 70-15 or 70-20 .

External administrator must give assistance etc.

70-25(2)    
The external administrator must give the auditor such books, information and assistance as the auditor reasonably requires.

Exception

70-25(3)    
Subsection (2) does not apply if the external administrator has a reasonable excuse.

Offence

70-25(4)    
A person commits an offence of strict liability if:

(a) the person is subject to a requirement under subsection (2); and

(b) the person fails to comply with the requirement.

Penalty: 20 penalty units.

Note: A defendant bears an evidential burden in relation to the matter in subsection (3) (see subsection 13.3(3) of the Criminal Code ).