Corporations Act 2001

CHAPTER 5B - BODIES CORPORATE REGISTERED AS COMPANIES, AND REGISTRABLE BODIES  

PART 5B.2 - REGISTRABLE BODIES  

Division 4 - Register of debenture holders for non-companies  

SECTION 601CZB   REGISTER OF DEBENTURE HOLDERS TO BE MAINTAINED BY NON-COMPANIES  

601CZB(1)   [ Need to maintain register]  

A body that is not a company must set up and maintain a register of debenture holders if it issues debentures covered by Chapter 2L.

Note 1: Companies have to keep a register of debenture holders under sections 168 and 171.

Note 2: The register may be kept on computer (see section 1306).

601CZB(1A)   [ Strict liability offence]  

An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability , see section 6.1 of the Criminal Code .

601CZB(2)   [ Contents of register]  

The register must contain the following information about each debenture holder:

(a) their name and address;

(b) the amount of the debentures held.

601CZB(3)   [ Failure to comply]  

A body's failure to comply with this section in relation to a debenture does not affect the debenture itself.