Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

REGULATION 5.6.67   DECLARATION AND DISTRIBUTION OF DIVIDEND  

5.6.67(1)   [ Declaration and distribution]  

The liquidator must, as soon as practicable, declare and distribute a dividend among the creditors whose debts or claims have been admitted.

5.6.67(2)   [ Costs of administration, etc]  

The liquidator must distribute as dividend all money in hand except enough:

(a) to meet the costs of administration; or

(b) to give effect to the provisions of the Act.

5.6.67(3)   [ Form 549]  

If the liquidator declares a dividend, he or she must send a notice of that declaration, in accordance with Form 549, to every person entitled to receive payment of the dividend.