Liquidator compliance

Reporting matters and lodging documents

Find out more about reporting and lodging requirements for liquidators in Regulatory Guide 16 External administrators: reporting and lodging (RG 16) (formerly PN 50).

See also External administration - most commonly lodged forms (INFO 29)

How to lodge forms online

Lodge forms online via Registered Liquidator portal

Registered liquidators can lodge most external administration forms online using ASIC's Registered Liquidator (EXAD) portal. Lodging online is quick, simple and streamlined.

Lodge forms online via Regulatory portal

Registered liquidators are required to lodge statutory reports prepared under sections 422, 438D and 533 of the Corporations Act 2001 and Regulation 5.5.05 of the Corporations Regulations 2001 via the ASIC Regulatory Portal.

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

The Regulatory Portal replaced previous lodgement channels for these transactions. More information about this change is on our website.

Help in obtaining books, records and ROCAP

You can get help from ASIC if officers or third parties do not hand over company books and records or directors do not submit a ROCAP (Report on Company Activities and Property).

See External Administration Compliance Assistance: Report on Company Activities and Property, books and records

Deeds of company arrangement involving a creditors trust

If you are appointed under Part 5.3A as a voluntary administrator or deed administrator read our Regulatory Guide 82 External Administration: Deeds of company arrangement involving a creditors trust (RG 82).

Assetless Administration Fund

See Assetless Administration Fund for more information.

Financial reporting and AGMs

Relief is available for externally administered companies and registered schemes from financial reporting obligations and having to hold an annual general meeting. Read Regulatory Guide 174 Externally administered companies: Financial reporting and AGMs (RG 174).

Lodging unclaimed property with ASIC

Companies and liquidators must send records and money to ASIC under s668A, 1343, 544 and 414 of the Corporations Act.

See more details about lodging unclaimed property with ASIC.

Your ongoing obligations

Find out more about your ongoing obligations as a registered liquidator in Regulatory Guide 258 Registered liquidators: Registration, disciplinary actions and insurance requirements (RG 258).

More information

Guidance for registered liquidators
Latest news about insolvency
Registered liquidator disciplinary decisions

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: 20/06/2022 02:30