Corporations Regulations 2001

SCHEDULE 8A - DEED OF COMPANY ARRANGEMENT - PRESCRIBED PROVISIONS  

(regulation 5.3A.06)

12  

12   Termination of deed where arrangement achieves purpose  
If the administrator has applied all of the proceeds of the realisation of the assets available for the payment of creditors or has paid to the creditors the sum of 100 cents in the dollar or any lesser sum determined by the creditors at a general meeting, the administrator must certify to that effect in writing and must within 28 days lodge with ASIC a notice of termination of this deed in the following form:

`X PTY LIMITED

I, ( insert name and address ) as administrator of the deed of company arrangement executed on ( insert date ), CERTIFY that the deed has been wholly effectuated. ' ,

and the execution of the notice terminates this deed, but nothing in this clause relieves the administrator of his or her obligations under clause 10 of this deed.

 

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