Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 839G

Income or other distribution received by target body

    The target body must promptly account to the receiving body for any income or other distribution received by the target body after a certificate of transfer comes into force, if the income or distribution arises from assets transferred to the receiving body under this Division.

Note:   Failure to comply with this section is an offence: see subsection   1311(1).



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