CORPORATIONS ACT 2001
Note: See section 600K .PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 70 - Information Subdivision F - Reporting to ASIC CLAUSE 70-60 INSOLVENCY PRACTICE RULES MAY PROVIDE FOR REPORTING TO ASIC 70-60(1)
The Insolvency Practice Rules may provide for and in relation to the obligations of an external administrator of a company:
(a) to give information; and
(b) to provide reports; and
(c) to produce documents;
Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
(a) the manner and form in which information is to be given, a report provided or a document produced; and
(b) the timeframes in which information is to be given, a report provided or a document produced; and
(c) who is to bear the cost of giving information, providing a report or producing a document. 70-60(3)
The Insolvency Practice Rules may make different provision in relation to different kinds of external administration.
Note: A failure to give information, provide a report or produce a document to ASIC in accordance with the Insolvency Practice Rules may lead to disciplinary action under Subdivision B of Division 40 of Part 2 of this Schedule.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.