Corporations Act 2001
Note: See section 600K .
PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 70 - Information Subdivision F - Reporting to ASIC[ CCH Note: Subdiv F heading will be amended by No 69 of 2020, s 3, Sch 1[1352], by inserting " or the Registrar " at the end of the heading, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
[ CCH Note: Cl 70-60 heading will be amended by No 69 of 2020, s 3, Sch 1[1353], by inserting " OR THE REGISTRAR " at the end of the heading, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
The Insolvency Practice Rules may provide for and in relation to the obligations of an external administrator of a company:
(a) to give information; and
(b) to provide reports; and
(c) to produce documents;
to ASIC.
[ CCH Note: Cl 70-60(1) will be amended by No 69 of 2020, s 3, Sch 1[1354], by inserting " or the Registrar (or both) " at the end of subsection, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
70-60(2)
Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
(a) the manner and form in which information is to be given, a report provided or a document produced; and
(b) the timeframes in which information is to be given, a report provided or a document produced; and
(c) who is to bear the cost of giving information, providing a report or producing a document.
[ CCH Note 1: Cl 70-60(2) will be amended by No 69 of 2020, s 3, Sch 1[1355] and [ 1356], by inserting " to ASIC " after " produced " in para (a) and (b), and " to ASIC " after " document " in para (c) (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
[ CCH Note 2: Cl 70-60(2A) will be inserted by No 69 of 2020, s 3, Sch 1[1357] (effective 1 July 2026 or a day or days to be fixed by Proclamation). Cl 70-60(2A) will read:
70-60(2A)
The giving of information, providing of reports or producing of documents to the Registrar as provided for by the Insolvency Practice Rules must meet any requirements of the data standards.]
70-60(3)
The Insolvency Practice Rules may make different provision in relation to different kinds of external administration.
Note: A failure to give information, provide a report or produce a document to ASIC in accordance with the Insolvency Practice Rules may lead to disciplinary action under Subdivision B of Division 40 of Part 2 of this Schedule.
[ CCH Note: Cl 70-60(3) will be amended by No 69 of 2020, s 3, Sch 1[1358], by inserting " or the Registrar " after " ASIC " in the note, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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