(1) This section is made for the purposes of section 70-60 of the Insolvency Practice Schedule (Corporations).
Notice of appointment
(2) If an external administrator is appointed:
(a) under subsection 436E(4), subsection 444A(2) or subsection 449C(1), (4) or (6) of the Act; or
(b) by the Court under section 90-15 of the Insolvency Practice Schedule (Corporations);
the external administrator must lodge with ASIC a notice of the appointment in the approved form before the end of the next business day after the appointment.
Notice of ending of administration
(3) If the administration of a company ends on the happening of an event of a kind mentioned in subsection 435C(2) or (3) of the Act, the external administrator of the company must lodge with ASIC a notice of the happening of the event and the ending of the administration of the company as soon as practicable after the event.
(4) Subsection (3) does not apply if a notice of the happening of the event is lodged with ASIC in accordance with the Act.
Please sign in to leave a comment.