Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:4_445fa
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 4 cl 445FA
Character Range: 152989–153974

445FA  Notice of termination of deed

 (1) If a company is subject to a deed of company arrangement, and:
 (a) the administrator of the deed has applied all of the proceeds of the realisation of the assets available for the payment of creditors; or
 (b) the administrator of the deed has paid to the creditors:
 (i) the sum of 100 cents in the dollar; or
 (ii) any lesser sum determined by the creditors at a general meeting; or
 (c) all of the following conditions are satisfied:
 (i) the company's obligations under the deed have been fulfilled;
 (ii) the obligations of any other party to the deed have been fulfilled;
 (iii) creditors' claims under the deed have been dealt with in accordance with the deed;
the administrator of the deed must:
 (d) certify to that effect in writing; and
 (e) within 28 days, lodge with ASIC a notice of termination of the deed.

 (2) The notice of termination must be in the prescribed form.

Note: For termination of the deed, see section 445C.