ASIC Provides Guidance On Streamlined External Administration Lodgements
Date
ASIC has updated Information Sheet 29
External administration – controller appointments and schemes of arrangements - most commonly lodged forms (INFO 29) to help external administrators, controllers and scheme administrators comply with their lodgement and publication requirements following the introduction of three new types of external administration.
The new external administration types have been in effect since 1 January 2021 and were introduced as part of changes made to the Corporations Act by the
Corporations Amendment (Corporate Insolvency Reforms) Act 2020 and related other legislation to assist small business given the impact of COVID-19 on these entities.