Section 283BB — Corporations Act 2001: General duties

The borrower must: (a) carry on and conduct its business in a proper and efficient manner; and (b) provide a copy of the trust deed to: (i) a debenture holder; or (ii) the trustee; if they request a copy; and (c) 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. Note: The borrower also has a duty to call a meeting of debenture holders in certain circumstances (see section 283EA).