Corporations Regulations 2001

CHAPTER 2L - DEBENTURES  

PART 2L.2 - DUTIES OF BORROWER  

REGULATION 2L.2.01   REGISTER RELATING TO TRUSTEES FOR DEBENTURE HOLDERS  

2L.2.01(1)   [Details to be entered in the register]  

For subsection 283BCA(2) of the Act, ASIC must enter the following details in the register in relation to a trustee for debenture holders:

(a) the name and address of the trustee;

(b) either:

(i) if the trustee has an ACN - the trustee ' s ACN; or

(ii) the trustee ' s ABN;

(c) the name and address of the borrower who appointed the trustee;

(d) the name of the trust for which the trustee has been appointed to act;

(e) the day the trust deed was executed.

2L.2.01(2)   [ASIC to amend register if notified of change]  

If ASIC receives a notice from a borrower under subsection 283BC(2) of the Act that the trustee has revoked the trust deed, it must amend the register by removing the details entered on the register in relation to the trustee.