Form 509B	   
(subsection 443B (3))

Corporations Act 2001
NOTICE OF ADMINISTRATOR’S INTENTION NOT TO EXERCISE PROPERTY RIGHTS
Limited (administrator appointed)

To:	(name), of 	(address), the *owner/*lessor of property (“the specified property”) being:

(name and description of property, including, if appropriate, relevant reference numbers and account numbers identifying contracts such as leasing arrangements in relation to that property)

I	(name), of 	(address), the administrator of 	(name of company) (“the company”) give you notice that I do not propose to exercise rights in relation to the specified property.

Dated

(administrator’s signature)

*Delete if not applicable

NOTES

1.	Under subsection 443B (4), the administrator is not liable for rent or other amounts payable by the company in relation to the specified property while this notice is in force, but the notice does not affect a liability of the company.
2.	Under subsection 443B (5), this notice ceases to have effect if:
(a)	the administrator revokes the notice, by writing to the owner/lessor; or
(b)	the company exercises or purports to exercise a right in relation to the specified property.