Corporations Amendment (Insolvency) Act 2007 (132 of 2007)
Schedule 1 Improving outcomes for creditors
Part 3 Streamlining external administration
Corporations Act 2001
66 Subsection 427(4)
Repeal the subsection, substitute:
(4) A person who ceases to be a controller of property of a corporation must, within 7 days after so ceasing, lodge notice that the person has so ceased.
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