Cash Distribution Framework Act 2026
105Reporting to Reserve Bank
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105 Reporting to Reserve Bank
Duty to report to the Reserve Bank on request
(1) If requested by the Reserve Bank, a statutory manager of a body corporate (other than the Reserve Bank) must give the Reserve Bank a written report showing how the control of the body corporate’s business is being carried out.
(2) The report must be given to the Reserve Bank within a reasonable time after the request.
Duty to report to the Reserve Bank on termination of appointment
(3) If the Reserve Bank terminates the appointment of a statutory manager of a body corporate, the statutory manager of the body corporate must give to the Reserve Bank a written report showing how the control of the body corporate’s business was carried out over the period the statutory manager was in control.
(4) The report must be given to the Reserve Bank within a reasonable time after the termination.