Task updates creditors' voluntary liquidation

Activity	Task	References	Description
Appointment	Advertise notice of resolution to wind up the company Notice published by the end of the next business day after liquidator is appointed.	Reg 5.5.01 Reg 5.3A.06A, s446(5)(b) ASIC Liquidators' Portal
Directors	Obtain RATA from Directors within 5 business days.	s497(4) Form 507 (to be updated)
	Lodge RATA within 10 business days after receipt	s497(6)
	Directors' powers suspended	s189G	Provisions harmonised across EA types
Notify creditors	Initial notices to creditors within 10 business days after the day of appointment	Report to creditors Form 509 List of creditors Information on creditors' rights DIRRI Initial remuneration notice Remuneration Report	Electronic notices. Initial notices to creditors applies to ongoing appointments need to provide information for appointments commencing up to 10 business days before 1 September.
DIRRI	Lodge with ASIC	ASIC Liquidators' Portal s506A(3)
Meeting (optional)		Lodge with ASIC Form 509 Creditors List
Report	Provide Statutory Report by Liquidator to creditors, send within 3 months of appointment. Lodge with ASIC at same time provided to creditors	IRP 70-40 ASIC Liquidators' Portal
Statutory Receipts and Payments	Lodge annual administration return within 3 months Notify creditors	IPS 70-5	Transitional requirements on Home Page
Committee of Inspection		IPS Div 80 and IPR Div 80 Reg 5.6.75 ASIC Notices
Annual / Final Meetings		No longer required save for transitional arrangements	Requirement continues for the next year as a transitional arrangement
Proposals to Creditors
Financial analysis and investigations
Books and Records		IPS 70-35
Cessation		s537(2)
Final Statutory Receipts and Payments	Lodge End of administration return within 1 month ASIC to deregister company	Provide to any creditor that requests a copy 70-6 s509