Corporations Act 2001
Note: This Part applies to CCIVs with modifications: see Division 3 of Part 8B.6 .
View history note
Hide history noteA 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.
[ CCH Note: S 427(1) will be amended by No 69 of 2020, s 3, Sch 1[699], by inserting " with the Registrar " after " lodge " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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.
[ CCH Note: S 427(1A) will be amended by No 69 of 2020, s 3, Sch 1[699], by inserting " with the Registrar " after " lodge " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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.
[ CCH Note: S 427(1B) will be amended by No 69 of 2020, s 3, Sch 1[699], by inserting " with the Registrar " after " lodge " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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.
[ CCH Note: S 427(2) will be amended by No 69 of 2020, s 3, Sch 1[699] and [ 700], by inserting " with the Registrar " after " lodge " and omitting " in the prescribed form " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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.
[ CCH Note: S 427(3) will be amended by No 69 of 2020, s 3, Sch 1[701], by substituting " lodge with the Registrar notice " for " lodge notice in the prescribed form " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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.
[ CCH Note: S 427(4) will be amended by No 69 of 2020, s 3, Sch 1[702], by inserting " with the Registrar " after " lodge " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
[ CCH Note: S 427(5) will be inserted by No 69 of 2020, s 3, Sch 1[703] (effective 1 July 2026 or a day or days to be fixed by Proclamation). S 427(5) will read:
427(5)
A notice lodged under this section must meet any requirements of the data standards.]
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