Corporations Act 2001
SCHEDULE 2
-
INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
Application of this section
70-55(1)
This section applies if either:
(a) a former employee of a company under external administration has made a claim for financial assistance from the Commonwealth in relation to unpaid employment entitlements; or
(b) the Commonwealth considers that such a claim is likely to be made.
Commonwealth may request information etc.
70-55(2)
The Commonwealth may request the external administrator of the company to provide specified information, reports or documents in relation to the external administration.
70-55(3)
The external administrator must comply with the request.
70-55(4)
The Insolvency Practice Rules may provide for and in relation to who is to bear the cost of providing the information, reports or documents.
Note: See section 600K .
PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 70 - Information Subdivision E - Other requests for information etc. CLAUSE 70-55 COMMONWEALTH MAY REQUEST INFORMATION ETC.Application of this section
70-55(1)
This section applies if either:
(a) a former employee of a company under external administration has made a claim for financial assistance from the Commonwealth in relation to unpaid employment entitlements; or
(b) the Commonwealth considers that such a claim is likely to be made.
Commonwealth may request information etc.
70-55(2)
The Commonwealth may request the external administrator of the company to provide specified information, reports or documents in relation to the external administration.
70-55(3)
The external administrator must comply with the request.
70-55(4)
The Insolvency Practice Rules may provide for and in relation to who is to bear the cost of providing the information, reports or documents.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.