Treasury Laws Amendment (2019 Measures No. 3) Act 2020 (64 of 2020)

Schedule 3   Miscellaneous amendments

Part 1   Amendments commencing day after Royal Assent

Corporations Act 2001

21   Subsection 422C(2)

Repeal the subsection, substitute:

Transfer of books to new controller

(2) The former controller must transfer to the new controller possession or control of any books relating to the control of the property that are in the former controller's possession or control.

(2A) The transfer must be made:

(a) if the new controller is appointed instead of the former controller - within 5 business days after the new controller is appointed; or

(b) otherwise - within 5 business days after the former controller ceases to act.