Document ID: chunk:federal_register_of_legislation:C2025C00185:schedule:2:p47
Version: federal_register_of_legislation:C2025C00185
Segment Type: schedule
Provision Reference: sch 2 (pt 47/73)
Character Range: 6431006–6433833

to the external administration.
 (3) The external administrator must comply with the request.
 (4) The Insolvency Practice Rules may provide for and in relation to who is to bear the cost of providing the information, reports or documents.

Subdivision F—Reporting to ASIC

70‑60  Insolvency Practice Rules may provide for reporting to ASIC
 (1) The Insolvency Practice Rules may provide for and in relation to the obligations of an external administrator of a company:
 (a) to give information; and
 (b) to provide reports; and
 (c) to produce documents;
to ASIC.
 (2) Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
 (a) the manner and form in which information is to be given, a report provided or a document produced; and
 (b) the timeframes in which information is to be given, a report provided or a document produced; and
 (c) who is to bear the cost of giving information, providing a report or producing a document.
 (3) The Insolvency Practice Rules may make different provision in relation to different kinds of external administration.
Note: A failure to give information, provide a report or produce a document to ASIC in accordance with the Insolvency Practice Rules may lead to disciplinary action under Subdivision B of Division 40 of Part 2 of this Schedule.

Subdivision G—External administrator may be compelled to comply with requests for information etc.

70‑65  Application of this Subdivision
 (1) This Subdivision applies if the external administrator of a company refuses a request made by a person under:
 (a) Subdivision D; or
 (b) a rule made under section 70‑50;
 (c) Subdivision E; or
 (d) section 80‑40;
to give information, provide a report or produce a document.
 (2) In this Subdivision:
 (a) the information, report or document is referred to as the relevant material; and
 (b) the request is referred to as the request for relevant material; and
 (c) giving the information, providing the report or producing the document is referred to as giving the relevant material.

70‑70  ASIC may direct external administrator to comply with the request for relevant material
 (1) ASIC may, in writing, direct the external administrator to give all or part of the relevant material to the person or persons who made the request for the relevant material within 5 business days after the direction is given.
 (2) A direction under subsection (1) is not a legislative instrument.

70‑75  ASIC must notify external administrator before giving a direction under section 70‑70
 (1) Before giving the external administrator a direction under section 70‑70, ASIC must give the external administrator notice in writing:
 (a) stating that ASIC proposes to give the external administrator a direction under that section; and
 (b) identifying:
 (i) the relevant