Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1623
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1623
Character Range: 6121153–6122282

1623  Returns and accounts by controllers

Returns by controllers for 2017‑18 and later years
 (1) Sections 422A and 422B, as inserted by Schedule 2 to the Insolvency Law Reform Act 2016, apply in relation to the financial year starting on 1 July 2017 and later financial years.

Accounts under old Act
 (2) Subsection (3) of this section applies in relation to the amendment of section 432 of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016.
 (3) To the extent that section 432 of the old Act relates to a period for which an account must be lodged:
 (a) the amendment of the section applies in relation to periods starting on or after 1 July 2017; and
 (b) the unamended section applies in relation to periods starting before 1 July 2017 and ending after that day as if the period ends on 30 June 2017.

Continuation of audits under old Act
 (4) For the avoidance of doubt, despite the amendment of section 432 of the old Act by Schedule 2 to the Insolvency Law Reform Act 2016, audits may be continued under that section in relation to accounts lodged under that section as if the old Act continued to apply.