IPS 70-6 End of administration return

The EAR replaces the final ASIC Form 524 and is submitted using structured data (XML).

Application of this section
(1) This section applies if the external administration of a company ends.
End of administration return to be lodged

(2) The person who is the external administrator of the company when the external administration of the company ends (the last external administrator) must lodge a return in relation to the external administration of the company.

(3) The return must:
(a) be in the approved form; and
(b) be lodged with ASIC within 1 month after the end of the external administration of the company.
Note 1: Fees for lodging documents and late lodgement fees may be imposed under the Corporations (Fees) Act 2001.
Note 2: ASIC must deregister the company 3 months after the end of administration return is lodged (see section 509).

Notice of lodgement to be given
(4) The last external administrator must give notice that the return has been lodged to a person mentioned in subsection (6), if that person requests in writing that the last external administrator give the person such a notice.
Note: For notification, see section 600G.

(5) The persons who may request such a notice are:
(a) in a members’ voluntary winding up—the members of the company; and
(b) in a creditors’ voluntary winding up—the creditors; and
(c) in a court-ordered winding up—the creditors; and
(d) if the external administrator is appointed as a provisional liquidator—the Court; and
(e) if the company is under administration or has executed a deed of company arrangement—the company.
Note: For notification, see section 600G.

Returns for pooled groups
(6) If 2 or more companies are members of a pooled group, then the returns under subsection (2) for those companies may be set out in the same document.

ASIC will de-register the company within 3 months.