WHAT IS A REGISTERED LIQUIDATOR?
Registered Liquidators are experienced professionals, usually accountants, who are registered as a liquidator under the Corporations Act 2001. They are appointed to manage the process of winding up insolvent or failed companies. A registered Liquidator can also be appointed to wind up the affairs of a solvent company.
A registered liquidator has a wide range of duties to perform including selling assets, investigating the affairs of the company, and paying a dividend to creditors. When a liquidator is appointed to a company, the director’s powers are suspended, and the liquidator assumes control of all of the company’s affairs.
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LIQUIDATION SERVICE.
- May prevent you from becoming personally liable for the company’s tax debt
- Brings to a close the stress and worry of trying to save the business
- Stops creditors hassling you
- Liquidators with 10+ years of experience
WHO CAN BE A REGISTERED LIQUIDATOR?
To become eligible to be a Registered Liquidator an individual must:
- be a member of a recognised Australian accounting industry body, or an international equivalent
- meet approved competency standards and be able to demonstrate significant practical experience
- be an Australian resident
- provide proof of sufficient indemnity insurance
- have not been convicted of an offence involving fraud or dishonesty in the previous 10 years
- have not been disqualified from managing corporations
- be capable of performing the duties of a liquidator
- be a fit and proper person to be registered as a liquidator
Contact Us
Liquidation Law can be a complex area and circumstances vary, so we recommend a telephone call for your initial consultation. We will then gladly meet you or just confirm our advice and quote in writing.
Please either give us a call or submit the form and we will get back to you.