Document ID: chunk:federal_register_of_legislation:F2024C00490:reg:12:p10
Version: federal_register_of_legislation:F2024C00490
Segment Type: reg
Provision Reference: reg 12 (pt 10/34)
Character Range: 47960–50647

person is required under section 475 of the Corporations Act to submit and verify a report as to the affairs of a company, the liquidator must give to the person the appropriate forms and instructions for the preparation of the report.
 (2) Except by order of the Court, no person is to be allowed out of the property of a company any costs or expenses incurred in relation to the preparation of the report that have not been:
 (a) sanctioned by the liquidator before being incurred; or
 (b) taxed or assessed.
 (3) The liquidator must report to the Court any default in complying with the requirements of section 475 of the Corporations Act.
 (4) Unless the Court otherwise orders, a report filed by a liquidator under subsection 475(7) of the Corporations Act is not available for inspection by any person.
Note: A report filed by a liquidator under subsection 475(7) of the Corporations Act may include commercial‑in‑confidence information that may not be inspected: see subsection 1274(4G) of the Corporations Act.

7.4  Liquidator to file certificate and copy of settled list of contributories (Corporations Act s 478)
  If, in a winding up by the Court, a liquidator has settled and certified a list, or supplementary list, of contributories, the liquidator must, within 14 days after doing so, file the certificate and a copy of the list.

7.5  Release of liquidator and deregistration of company (Corporations Act s 480(c) and (d))
 (1) This rule applies to an application by the liquidator of a company:
 (a) for an order that the liquidator be released; or
 (b) for an order that the liquidator be released and that ASIC deregister the company.
 (2) The interlocutory process seeking the order must include:
 (a) a notice stating that any objection to the release of the liquidator must be made by filing and serving a notice of objection, in the prescribed form, within 21 days after the date of service of the interlocutory process; and
 (b) a statement setting out the terms of subsection 481(3) of the Corporations Act.
Note: Subsection 481(3) of the Corporations Act provides that an order of the Court releasing a liquidator discharges the liquidator from all liability in respect of any act done or default made by the liquidator in the administration of the affairs of the company, or otherwise in relation to the liquidator's conduct as liquidator, but any such order may be revoked on proof that it was obtained by fraud or by suppression or by concealment of any material fact.
 (3) The supporting affidavit must include details of the following matters:
 (a) whether the whole of the company's property has been realised or whether so much of the company's property