Corporations Act 2001
On application under section 601FL or 601FN , the Court may, by order, appoint a company as the temporary responsible entity of a registered scheme if the Court is satisfied that the appointment is in the interest of the members. 601FP(2)
The Court may make any further orders that it considers necessary. 601FP(3)
If the application was made by the current responsible entity, it must, as soon as practicable after the Court ' s order appointing the temporary responsible entity, lodge a notice with ASIC informing ASIC of the appointment made by the Court.
[ CCH Note 1: S 601FP(3) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " (wherever occurring) (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
[ CCH Note 2: S 601FP(3A) will be inserted by No 69 of 2020, s 3, Sch 1 (effective 22 June 2022 or a day or days to be fixed by Proclamation). S 601FP(3A) will read:
The notice must meet any requirements of the data standards.]
As soon as practicable after the appointment, ASIC must alter the record of the scheme ' s registration to name the appointed company as the scheme ' s temporary responsible entity.
[ CCH Note: S 601FP(4) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
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