Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:1_31
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 1 cl 31
Character Range: 39652–40303

31  At the end of section 495
Add:

 (5) Before remuneration is fixed under subsection (1), the liquidator or liquidators, or the proposed liquidator or proposed liquidators, must:
 (a) prepare a report setting out:
 (i) such matters as will enable the members to make an informed assessment as to whether the proposed remuneration is reasonable; and
 (ii) a summary description of the major tasks likely to be performed by the liquidator or liquidators, or the proposed liquidator or proposed liquidators, as the case may be; and
 (iii) the costs associated with each of those major tasks; and
 (b) table the report at the relevant general meeting.