THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.4B - WINDING UP IN INSOLVENCY OR BY THE COURT

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Division 2 - Court-appointed liquidators

SECTION 476   PRELIMINARY REPORT BY LIQUIDATOR  

476    A liquidator of a company shall, within 2 months, or such longer period (if any) as the Commission allows, after receiving a report referred to in subsection 475(1) or (2), lodge a preliminary report:

(a)  in the case of a company having a share capital - as to the amount of capital issued, subscribed and paid up;

(b)  as to the estimated amounts of assets and liabilities of the company;

(c)  if the company has failed - as to the causes of the failure; and

(d)  as to whether, in his or her opinion, further inquiry is desirable with respect to a matter relating to the promotion, formation or insolvency of the company or the conduct of the business of the company.