Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020 (F2020L01654)
Schedule 3 Simplified liquidation
Corporations Regulations 2001
19 After regulation 5.6.67
Insert:
5.6.67A Single declaration and distribution of dividend for companies in simplified liquidation
The liquidator of a company that is subject to the simplified liquidation process may declare and distribute a dividend only once among creditors whose debts or claims have been admitted.
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