CORPORATIONS ACT 2001 - SECT 422A Annual return by controller

CORPORATIONS ACT 2001 - SECT 422A

  (1)   This section applies if a person is the controller of property of a corporation during all or part of a control return year for the controller for the corporation.

  (2)   However, this section does not apply if:

  (a)   the control of the property ends during the control return year; and

  (b)   the person is the controller of the property when the control of the property ends.

Note:   If a person is the controller of property of the corporation when the control of the property ends, the person must instead lodge a return under section   422B.

  (3)   The person must lodge a return in relation to the control of the property of the corporation.

  (4)   The return must:

  (a)   be in the approved form; and

  (b)   be lodged with ASIC within 3 months after the end of the control return year.

Note:   Fees for lodging documents and late lodgement fees may be imposed under the Corporations (Fees) Act 2001 .

  (5)   Each of the following is a control return year for a controller for a corporation:

  (a)   the period of 12 months beginning on the day on which the person first began to be a controller of the property of the corporation;

  (b)   each subsequent period of 12 months.