Document ID: chunk:federal_register_of_legislation:C2025C00185:section:429:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 429 (pt 2/2)
Character Range: 1474011–1475993

scheme property of a registered scheme.
 (3) Where notice has been served on a corporation under paragraph (2)(a), the reporting officers may apply to the controller or to the Court to extend the period within which the report is to be submitted and:
 (a) if application is made to the controller—if the controller believes that there are special reasons for so doing, the controller may, by notice in writing given to the reporting officers, extend that period until a specified day; and
 (b) if application is made to the Court—if the Court believes that there are special reasons for so doing, the Court may, by order, extend that period until a specified day.
 (4) As soon as practicable after granting an extension under paragraph (3)(a), the controller must lodge a copy of the notice.
 (5) As soon as practicable after the Court grants an extension under paragraph (3)(b), the reporting officers must lodge a copy of the order.
 (6) Subsections (2), (3) and (4) and 429A(3) do not apply in a case where a person becomes a controller of property of a corporation:
 (a) to act with an existing controller of property of the corporation; or
 (b) in place of a controller of such property who has died or ceased to be a controller of such property.
 (6A) However, if subsection (2) or 429A(3) applies in a case where a controller of property of a corporation dies, or ceases to be a controller of property of the corporation, before subsection (2) or 429A(3) is fully complied with, then:
 (a) the references in paragraphs (2)(b) and (c) and 429A(3)(e), (f), (g) and (h) to the person; and
 (b) the references in subsections (3) and (4) to the controller;
include references to the controller's successor and to any continuing controller.
 (7) Where a corporation is being wound up, this section (including subsection (6A)) and sections 429A and 430 apply even if the controller and the liquidator are the same person, but with any necessary modifications arising from that fact.