Your ongoing obligations as a registered liquidator

As a registered liquidator, you must comply with ongoing statutory obligations

You must on an ongoing basis perform adequately and properly the duties and functions of a registered liquidator, remain a fit and proper person to be registered, not become a disqualified person, not become an insolvent under administration and remain resident in Australia.

You also have specific obligations relating to:

  • reporting matters and lodging documents (including annual statements)
  • financial reporting and annual general meetings
  • lodging unclaimed money with ASIC, and
  • maintaining adequate and appropriate professional indemnity and fidelity insurance cover.

This is not an exhaustive list of your obligations. You must comply with the Corporations Act 2001.

Depending on your circumstances, you may be eligible for class order relief or individual relief for some obligations. For example, relief is available for some externally-administered companies from financial reporting obligations and having to hold an annual general meeting.

As a registered liquidator, you can apply to access the registered liquidators portal to lodge documents and notices online. You can also use our liquidator assistance program if company officers fail to hand over books and records or submit reports as to affairs.

If you are appointed in a creditors’ voluntary or court-ordered winding up, you can seek funding from the Assetless Administration Fund to carry out an investigation and prepare a supplementary s533 report.

Related information 

More about registered liquidators

What's new

ASIC works to ensure registered liquidators comply with obligations

An ASIC review has found that while registered liquidators are mostly doing the right thing when complying with their lodgement and publication obligations, there is room for improvement. 18-172MR. 13 June 

 

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

Insolvency statistics

 

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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