Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 3   Other amendments

Part 6   Miscellaneous amendments

Corporations Act 2001

30   After subsection 506A(5)

Insert:

(6) As soon as practicable after making a replacement declaration under subsection (4), the administrator must lodge a copy of the replacement declaration with ASIC.

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