Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p85
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 209402–212156

be" after "those persons";
     (e) by inserting in sub-section (3) ", or the person who was, at the date of the receiver's appointment, the agent of a registered foreign company is," after "are";
     (f) by inserting in sub-section (3) "or registered foreign company, as the case may be," after "company" (last occurring);
     (g) by inserting in paragraph (3) (a) "or that person, as the case may be" after "those persons";
     (h) by inserting in paragraph (3) (b) "or person" after "the persons";
     (j) by omitting sub-section (4) and substituting the following sub-section:
     "(4) Sub-sections (1), (2) and (3) do not apply in relation to the appointment of a receiver to act with an existing receiver or in place of a receiver who has died or ceased to act, except that, where sub-section (1) applies to a receiver who dies or ceases to act before that sub-section has been fully complied with, the references in paragraphs (1) (b) and (c) and sub-sections (2) and (3) to the receiver (other than the first such reference in paragraph (1) (b) and sub-section (2)

      and the first and second such references in sub-section (3)) shall, subject to sub-section (5), be read as including references to his successor and to any continuing receiver."; and
(k) by inserting in sub-section (5) "or registered foreign company" after "company".

Receiver may require reports
99. Section 329 of the Principal Act is amended—
     (a) by omitting from sub-section (1) "the property or part of the"; and
     (b) by inserting in sub-sections (1) and (2) "or registered foreign company" after "company" (wherever occurring).
     100. After section 329 of the Principal Act the following section is inserted:

Receiver may inspect books
"329a. A receiver of property of a corporation is entitled to inspect at any reasonable time any books of the corporation that relate to that property and a person who refuses or fails to allow the receiver to inspect such books at such a time is guilty of an offence.".

Lodging of accounts of receiver
101. Section 330 of the Principal Act is amended by omitting from sub-section (1) "the property or part of the property of a company, or of the property or part of the property within the Territory of a registered foreign company, shall" and substituting "property of a company or registered foreign company shall,".

Payment of certain debts out of property subject to floating charge in priority to claims under charge
102. Section 331 of the Principal Act is amended—
     (a) by inserting in sub-section (1) "or registered foreign company" after "company" (wherever occurring);
     (b) by omitting from sub-section (2) "The following debts or amounts shall be paid out of the property coming to the hands