CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

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

SECTION 422A   ANNUAL RETURN BY CONTROLLER  

422A(1)  
This section applies if a person is the controller of property of a corporation during all or part of a control return year for the controller for the corporation.

422A(2)  
However, this section does not apply if:


(a) the control of the property ends during the control return year; and


(b) the person is the controller of the property when the control of the property ends.

Note: If a person is the controller of property of the corporation when the control of the property ends, the person must instead lodge a return under section 422B .

422A(3)  
The person must lodge a return in relation to the control of the property of the corporation.

422A(4)  
The return must:


(a) be in the approved form; and


(b) be lodged with ASIC within 3 months after the end of the control return year.

Note: Fees for lodging documents and late lodgement fees may be imposed under the Corporations (Fees) Act 2001 .

422A(5)  
Each of the following is a control return year for a controller for a corporation:


(a) the period of 12 months beginning on the day on which the person first began to be a controller of the property of the corporation;


(b) each subsequent period of 12 months.


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