Document ID: chunk:federal_register_of_legislation:C2025C00185:section:475:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 475 (pt 2/2)
Character Range: 1752845–1754507

required to submit a report referred to in subsection (2) must, subject to subsection (6), submit it not later than 10 business days after the liquidator serves notice of the requirement.
 (6) Where the liquidator believes there are special reasons for so doing, he or she may, on an application in writing made to him or her before the end of the time limited by subsection (4) or (5) for the submission by the applicant of a report under subsection (1) or (2), grant, by notice in writing, an extension of that time.
 (7) A liquidator:
 (a) must, within 5 business days after receiving a report under subsection (1) or (2), cause a copy of the report to be filed with the Court and a copy to be lodged; and
 (b) must, where he or she gives a notice under subsection (6), as soon as practicable lodge a copy of the notice.
 (8) A person making or concurring in making a report required by this section and verifying it as required by this section must, subject to the rules of court, be allowed, and must be paid by the liquidator out of the property of the company, such costs and expenses incurred in and about the preparation and making of the report and the verification of that report as the liquidator considers reasonable.
 (9) A person must not contravene a provision of this section.
 (10) An offence based on subsection (9) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (11) Subsection (9) does not apply to the extent that the person has a reasonable excuse.
Note: A defendant bears an evidential burden in relation to the matter in subsection (11), see subsection 13.3(3) of the Criminal Code.