IPR 70-60 Reporting to ASIC

  (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.

IPS 70-60 subdivision F - Report to ASIC