Document ID: chunk:federal_register_of_legislation:C2025C00185:section:260e:p14
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 260E (pt 14/18)
Character Range: 970197–973232

adopt the simplified liquidation process
500AA Eligibility criteria for the simplified liquidation process
500AB Creditors may request liquidator not to follow the simplified liquidation process
500AC Liquidator must cease to follow the simplified liquidation process
500AD Working out whether the 25% in value of creditors test met
500AE Simplified liquidation process
Division 4—Voluntary winding up generally
501 Distribution of property of company
506 Powers and duties of liquidator
506A Declarations by liquidator—relevant relationships and indemnities
507 Power of liquidator to accept shares etc. as consideration for sale of property of company
509 Deregistration
510 Arrangement: when binding on creditors
Part 5.6—Winding up generally
Division 1—Preliminary
513 Application of Part
513AA Meaning of property
Division 1A—When winding up taken to begin
513A Winding up ordered by the Court
513B Voluntary winding up
513C Section 513C day in relation to an administration under Part 5.3A
513CA Meaning of section 513CA day
513D Validity of proceedings in earlier winding up
Division 2—Contributories
514 Where Division applies
515 General liability of contributory
516 Company limited by shares
517 Company limited by guarantee
518 Company limited both by shares and by guarantee
519 Exceptions for former unlimited company
520 Past member: later debts
521 Person ceasing to be a member a year or more before winding up
522 Present members to contribute first
523 Past member of former unlimited company
524 Past member of former limited company
526 Liability on certain contracts
527 Nature of contributory's liability
528 Death of contributory
529 Bankruptcy of contributory
Division 3—Liquidators
530 Appointment of 2 or more liquidators of a company
530AA Appointment of 2 or more provisional liquidators of a company
530A Officers to help liquidator
530B Liquidator's rights to company's books
530C Warrant to search for, and seize, company's property or books
532 Disqualification of liquidator
533 Reports by liquidator
534 Prosecution by liquidator of delinquent officers and members
535 When liquidator has qualified privilege
537 Notice of appointment and address of liquidator
Division 4—General
541 Notification that company is in liquidation
543 Investment of surplus funds on general account
544 Unclaimed money to be paid to ASIC
545 Expenses of winding up where property insufficient
Division 6—Proof and ranking of claims
Subdivision A—Admission to proof of debts and claims
553 Debts or claims that are provable in winding up
553A Member cannot prove debt unless contributions paid
553AA Selling shareholder cannot prove debt unless documents given
553AB Superannuation contribution debts not admissible to proof
553B Insolvent companies—penalties and fines not generally provable
553C Insolvent companies—mutual credit and set‑off
553D Debts or claims may be proved formally or informally
553E Application of Bankruptcy Act to winding up of insolvent company
Subdivision B—Computation of debts and claims
554