Receiverships Act 1993

24A: Summary report by receiver

You could also call this:

"A receiver must write a report after finishing their job and give it to the Registrar."

Illustration for Receiverships Act 1993

When you are a receiver, you have to do a report after you finish your job. You must give this report to the Registrar as soon as you can. The report must have the information that the regulations say it must have, which is decided under section 395(1)(cba) of the Companies Act 1993. If you do not do this report, you can get in trouble and have to pay a fine of up to $10,000. You have to follow the rules and give the report to the Registrar in the way they say.

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24: Further reports by receiver, or

"Receiver must write a report every 6 months to update on their progress"


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25: Extension of time for preparing reports, or

"Asking for more time to prepare receiver reports"

24ASummary report by receiver

  1. The person who was a receiver at the end of a receivership must, as soon as practicable after completing the person’s duties in relation to the receivership, provide to the Registrar, in the manner specified by the Registrar, a summary report on the receivership.

  2. The summary report must contain the information prescribed for the purpose of this section by regulations made under section 395(1)(cba) of the Companies Act 1993.

  3. A person who fails to comply with this section commits an offence and is liable on conviction to a fine not exceeding $10,000.

Notes
  • Section 24A: inserted, on , by section 69 of the Insolvency Practitioners Regulation (Amendments) Act 2019 (2019 No 28).