THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

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

SECTION 427   NOTIFICATION OF MATTERS RELATING TO CONTROLLER  

427(1)  [Notice of appointment]  

A person who obtains an order for the appointment of a receiver of property of a corporation, or who appoints such a receiver under a power contained in an instrument, shall:

(a)  within 7 days after obtaining the order or making the appointment, lodge notice that the order has been obtained, or that the appointment has been made, as the case may be; and

(b)  within 21 days after obtaining the order or making the appointment, cause notice that the order has been obtained, or that the appointment has been made, as the case may be, to be published in the Gazette.

427(1A)  [Appointer to give notice]  

A person who appoints another person to enter into possession, or take control, of property of a corporation (whether or not as agent for the corporation) for the purpose of enforcing a charge otherwise than as receiver of that property must:

(a)  within 7 days after making the appointment, lodge notice of the appointment; and

(b)  within 21 days after making the appointment, cause notice of the appointment to be published in the Gazette.

427(1B)  [Controller to give notice of taking possession or control]  

A person who enters into possession, or takes control, as mentioned in subsection (1A) must:

(a)  within 7 days after so entering into possession or taking control, lodge notice that the person has done so; and

(b)  within 21 days after so entering into possession or taking control, cause to be published in the Gazette notice that the person has done so;

unless another person:

(c)  appointed the first-mentioned person so to enter into possession or take control; and

(d)  complies with subsection (1A) in relation to the appointment.

427(2)  [Controller to lodge notice of address]  

Within 14 days after becoming a controller of property of a corporation, a person must lodge notice in the prescribed form of the address of the person's office.

427(3)  [Controller to lodge notice of change of address]  

A controller of property of a corporation must, within 14 days after a change in the situation of the controller's office, lodge notice in the prescribed form of the change.

427(4)  [Controller to give notice of cessation of office]  

A person who ceases to be a controller of property of a corporation must:

(a)  within 7 days after so ceasing, lodge notice that the person has so ceased; and

(b)  within 21 days after so ceasing, cause notice that the person has so ceased to be published in the Gazette.