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CORPORATIONS ACT 2001 - SECT 601CZB

Register of debenture holders to be maintained by non - companies

  (1)   A body that is not a company must set up and maintain a register of debenture holders if it issues debentures covered by Chapter   2L.

Note 1:   Companies have to keep a register of debenture holders under sections   168 and 171.

Note 2:   The register may be kept on computer (see section   1306).

  (1A)   An offence based on subsection   (1) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Code .

  (2)   The register must contain the following information about each debenture holder:

  (a)   their name and address;

  (b)   the amount of the debentures held.

  (3)   A body's failure to comply with this section in relation to a debenture does not affect the debenture itself.


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