External administrators - Reporting and lodging - Schedule C

Important notice
Changes to how registered liquidators lodge forms with ASIC


RG 16 is currently being updated to reflect changes to how statutory reports about alleged misconduct by external administrators and receivers or managing controllers are lodged with ASIC.

Effective 30 March 2020, registered liquidators must lodge statutory reports prepared under sections 422, 438D and 533 of the Corporations Act 2001 through the ASIC Regulatory Portal.

There are also new forms or ‘transactions’ on the Regulatory Portal enabling registered liquidators to request ASIC’s assistance in an external administration to obtain company books and records, and to provide notice that they do not intend to supply a supplementary report.

The Regulatory Portal has replaced the previous lodgement channels, including the Liquidator Portal. For more information about these changes, see About each transaction and how they work in the portal.

What's new

Insolvency reforms commence on 1 January 2021

Reforms to corporate insolvency laws commence on 1 January 2021 for companies with liabilities less than $1 million.  These reforms include:

-a new debt restructuring process for incorporated businesses

-a new, simplified liquidation pathway for small businesses, and

-a new class of registered liquidator who can only undertake the debt restructuring process.

Corporations Amendment (Corporate Insolvency Reforms) Act 2020

Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020

Insolvency Practice Rules (Corporations) Amendment (Corporate Insolvency Reforms) Rules 2020

 

Industry funding

The Government has introduced new laws that change the way ASIC is funded. Regulated entities will receive an invoice for ASIC’s regulatory services delivered in the prior year. Find out what this means for registered liquidators.

 

Quicklinks

Insolvency Law Reform Act 2016

Releases on insolvency

Liquidator registration applications

Registered liquidator disciplinary decisions

Insolvency statistics

AFSA - ARITA - ASIC joint liaison meetings

 

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ASIC Corporate Insolvency Update

Published notices

View insolvency and deregistration notices on the published notices website.

Last updated: 20/10/2014 12:00