Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 601WCF

Income or other distribution received by transferring company

                   The transferring company must promptly account to the receiving company for any income or other distribution received by the transferring company after a certificate of transfer comes into force, if the income or distribution arises from assets transferred to the receiving company under this Part.

Note:          Failure to comply with this section is an offence (see subsection 1311(1)).



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