(1) A managing controller of property of a corporation must prepare a report about the corporation's affairs that is in the prescribed form and is made up to a day not later than 30 days before the day when it is prepared. (2) The managing controller must prepare and lodge the report within 2 months after the control day. (3) As soon as practicable, and in any event within 14 days, after lodging the report, the managing controller must cause to be published in a national newspaper, or in each State or Territory in a daily newspaper that circulates generally in that State or Territory, a notice stating:

(a)

that the report has been prepared; and

(b)

that a person can, on paying the prescribed fee, inspect the report at specified offices of ASIC.

(4) If, in the managing controller's opinion, it would seriously prejudice:

(a)

the corporation's interests; or

(b)

the achievement of the objectives for which the controller was appointed, or entered into possession or assumed control of property of the corporation, as the case requires;