Section 601WCF — Corporations Act 2001 (Cth)

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)).

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 601WCC — Certificates in relation to other assets
s 601WCD — Documents purporting to be certificates
s 601WCE — Construction of references to transferring company
s 601WCG — Access to books
s 601WCH — Minister or ASIC may seek views of trustee company and its clients
s 601WCI — Authorisation to perform functions or exercise powers in this Part

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