CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

PART 5D.2 - POWERS ETC. OF LICENSED TRUSTEE COMPANIES  

Division 2 - Accounts  

SECTION 601SBC   COURT MAY ORDER AUDIT  

601SBC(1)   [ Court may order examination of accounts]  

The Court may, on any application under section 601SBB , in addition to or in substitution for any account to be provided by the licensed trustee company under that section, order that a person named in the order must examine the accounts of the trustee company relating to the estate in respect of which the order is made.

601SBC(2)   [ What trustee company must do]  

On the making of any such order, the trustee company must:


(a) give to the person named in the order a list of all the accounts kept by the company relating to the estate; and


(b) produce to the person, at an office of the trustee company at all reasonable times when required, all books in the company's possession relating to the estate; and


(c) provide the person with all necessary information and all other necessary facilities for enabling the person to make the examination.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).


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