Corporations Act 2001

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.

However, this section does not apply if:

the control of the property ends during the control return year; and

the person is the controller of the property when the control of the property ends.

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.

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

The return must:

be in the approved form; and

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

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

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

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;

each subsequent period of 12 months.