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CORPORATIONS ACT 2001 - SECT 422A

Annual return by controller

             (1)  This section applies if a person is the controller of property of a corporation during all or part of a control return year for the controller for the corporation.

             (2)  However, this section does not apply if:

                     (a)  the control of the property ends during the control return year; and

                     (b)  the person is the controller of the property when the control of the property ends.

Note:          If a person is the controller of property of the corporation when the control of the property ends, the person must instead lodge a return under section 422B.

             (3)  The person must lodge a return in relation to the control of the property of the corporation.

             (4)  The return must:

                     (a)  be in the approved form; and

                     (b)  be lodged with ASIC within 3 months after the end of the control return year.

Note:          Fees for lodging documents and late lodgement fees may be imposed under the Corporations (Fees) Act 2001 .

             (5)  Each of the following is a control return year for a controller for a corporation:

                     (a)  the period of 12 months beginning on the day on which the person first began to be a controller of the property of the corporation;

                     (b)  each subsequent period of 12 months.



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