Corporations Act 2001
Note: See section 600K .PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 70 - Information Subdivision C - Record-keeping CLAUSE 70-25 EXTERNAL ADMINISTRATOR TO COMPLY WITH AUDITOR REQUIREMENTS 70-25(1)
This section applies if books are audited under section 70-15 or 70-20 . External administrator must give assistance etc. 70-25(2)
The external administrator must give the auditor such books, information and assistance as the auditor reasonably requires. Exception 70-25(3)
Subsection (2) does not apply if the external administrator has a reasonable excuse. Offence 70-25(4)
A person commits an offence of strict liability if:
(a) the person is subject to a requirement under subsection (2); and
(b) the person fails to comply with the requirement.
Penalty: 20 penalty units.
Note: A defendant bears an evidential burden in relation to the matter in subsection (3) (see subsection 13.3(3) of the Criminal Code ).
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