Australian Capital Territory Numbered Regulations

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CORPORATIONS LAW RULES 2000 (2000 NO 16) - REG 47

Report to liquidator as to company's affairs (s 475 of the Law)

(1)       If a person is required under section 475 of the Law to submit and verify a report as to the affairs of a company, the liquidator must give to the person the appropriate forms and instructions for the preparation of the report.

(2)       Except by order of the court, no person is to be allowed out of the property of a company any costs or expenses incurred in relation to the preparation of the report that have not been—

        (a)     sanctioned by the liquidator before being incurred; or

        (b)     taxed or assessed.

(3)       The liquidator must report to the court any default in complying with the requirements of section 475 of the Law.

(4)       In this rule—

"liquidator" includes a provisional liquidator.



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