Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)

Note: See section 600K .

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS

Division 35 - Notice requirements

SECTION 35-5 NOTICE OF OTHER EVENTS
Registered liquidator must lodge notice

35-5(1)
A registered liquidator must lodge with ASIC a notice, in the approved form, if any of the following events occur:

(a) information included in an annual liquidator return, an annual administration return or an end of administration return, prepared by or on behalf of the liquidator, is or becomes inaccurate in a material particular;

(b) any other event prescribed.

The notice must be lodged within 10 business days after the registered liquidator could reasonably be expected to be aware that the event has occurred.

[ CCH Note: Cl 35-5(1) will be amended by No 69 of 2020, s 3, Sch 1[1323], by substituting " the Registrar " for " ASIC " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]

Offence

35-5(2)
A person commits an offence if:

(a) the person is subject to a requirement under subsection (1); and

(b) the person intentionally or recklessly fails to comply with the requirement.

Penalty: 30 penalty units.

View history note

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