Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 3   Other amendments

Part 6   Miscellaneous amendments

Corporations Act 2001

29   After subsection 506A(2)

Insert:

(3) As soon as practicable after making a declaration under subsection (2), the administrator must lodge a copy of the declaration with ASIC.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).