283CB
In forceGeneral duties
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 2LDebentures
Part 2L.3Duties of guarantor
283CB General duties
The guarantor must:
(a)
carry on and conduct its business in a proper and efficient manner; and
(b)
make all of its financial and other records available for inspection by:
(i)
the trustee; or
(ii)
an officer or employee of the trustee authorised by the trustee to carry out the inspection; or
(iii)
a registered company auditor appointed by the trustee to carry out the inspection;
and give them any information, explanations or other assistance that they require about matters relating to those records.
This Act’s bill:Explanatory memorandumSecond reading speech
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