Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

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

Note: This Part applies to CCIVs with modifications: see Division 3 of Part 8B.6 .

SECTION 427   NOTIFICATION OF MATTERS RELATING TO CONTROLLER  

427(1)    

A person who:

(a)    obtains an order for the appointment of a receiver of property of a corporation; or

(b)    appoints such a receiver under a power contained in an instrument;

must, within 7 days after obtaining the order or making the appointment, lodge notice that the order has been obtained, or that the appointment has been made, as the case may be.

427(1A)    

A person who appoints another person to enter into possession, or take control, of property of a corporation (whether or not as agent for the corporation) for the purpose of enforcing a security interest otherwise than as receiver of that property must, within 7 days after making the appointment, lodge notice of the appointment.

427(1B)    

A person who enters into possession, or takes control, as mentioned in subsection (1A) must, within 7 days after entering into possession or taking control, lodge notice that the person has done so, unless another person:

(a)    appointed the first-mentioned person so to enter into possession or take control; and

(b)    complies with subsection (1A) in relation to the appointment.

427(2)    
Within 14 days after becoming a controller of property of a corporation, a person must lodge notice in the prescribed form of the address of the person ' s office.

427(3)    
A controller of property of a corporation must, within 14 days after a change in the situation of the controller ' s office, lodge notice in the prescribed form of the change.

427(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.