asic registered fixed and floating charge
Under the Corporations Act, a new charge over a company is required to be registered with the ASIC within 45 days of its creation. The ASIC form 309, together with the charge instrument, and an ASIC form 350 to certify that mortgage duty has been paid, must be lodged with the ASIC within this timeframe.he most important right of a fixed and floating charge holder is priority against other unsecured creditors. The fixed and floating charge holder is a secured creditor of an insolvent company and through the fixed element of the charge it has an actual proprietary interest in the companyâs property.