Section 422A — Corporations Act 2001 (Cth)

(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.

Related sections

• s 421 — Managing controller’s duties in relation to bank accounts and financial records
• s 421A — Managing controller to report within 2 months about corporation’s affairs
• s 422 — Reports by receiver or managing controller
• s 422B — End of control return
• s 422C — Transfer of books to new controller
• s 422D — Transfer of books to ASIC etc.

Research how courts apply s 422A

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.