Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 283BB

    The borrower must:

  (a)   carry on and conduct its business in a proper and efficient manner; and

  (b)   provide a copy of the trust deed to:

  (i)   a debenture holder; or

  (ii)   the trustee;

    if they request a copy; and

  (c)   make all of its financial and other records available for inspection by:

  (i)   the trustee; or

  (ii)   an officer or employee of the trustee authorised by the trustee to carry out the inspection; or

  (iii)   a registered company auditor appointed by the trustee to carry out the inspection;

    and give them any information, explanations or other assistance that they require about matters relating to those records.

Note:   The borrower also has a duty to call a meeting of debenture holders in certain circumstances (see section   283EA).