Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.2 - RECEIVERS, AND OTHER CONTROLLERS, OF PROPERTY OF CORPORATIONS  

Note: This Part applies to CCIVs with modifications: see Division 3 of Part 8B.6 .

SECTION 421A   MANAGING CONTROLLER TO REPORT WITHIN 2 MONTHS ABOUT CORPORATION'S AFFAIRS  

421A(1)   [ Obligation to prepare report]  

A managing controller of property of a corporation must prepare a report about the corporation's affairs that is in the prescribed form and is made up to a day not later than 30 days before the day when it is prepared.

421A(2)   [ Lodgment]  

The managing controller must prepare and lodge the report within 2 months after the control day.

421A(3)    
(Repealed by No 132 of 2007, s 3, Sch 1, Pt 3 [ 58] (effective 31 December 2007).)

421A(4)   [ Prejudicial information excluded]  

If, in the managing controller's opinion, it would seriously prejudice:

(a) the corporation's interests; or

(b) the achievement of the objectives for which the controller was appointed, or entered into possession or assumed control of property of the corporation, as the case requires;

if particular information that the controller would otherwise include in the report were made available to the public, the controller need not include the information in the report.

421A(5)   [ Summary of excluded information]  

If the managing controller omits information from the report as permitted by subsection (4), the controller must include instead a notice:

(a) stating that certain information has been omitted from the report; and

(b) summarising what the information is about, but without disclosing the information itself.