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 422B   END OF CONTROL RETURN  

Application of this section

422B(1)    
This section applies if the control of the property of a corporation ends.

End of receivership return to be lodged

422B(2)    
The person who is the controller of the property of the corporation when the control of the property of the corporation ends (the last controller ) must lodge a return in relation to the control of the property of the corporation.

422B(3)    
The return must:

(a)    be in the approved form; and

(b)    be lodged with ASIC within 1 month after the control of the property of the corporation ends.

Note: Fees for lodging documents and late lodgement fees may be imposed under the Corporations (Fees) Act 2001 .

Notice of lodgement to be given

422B(4)    
The last controller must give notice that the return has been lodged to a person mentioned in subsection (5) , if that person requests in writing that the last controller give the person such a notice.

422B(5)    
The persons who may request such a notice are:

(a)    the members of the corporation; and

(b)    the creditors; and

(c)    the corporation; and

(d)    if the corporation is a company under external administration - the external administrator of the company.