business.gov.au

Liquidator Registration - Australian Government

Description

You must be registered as a liquidator to be appointed to any type of insolvent external administration.

A company becomes insolvent when it is unable to pay its debts when they are due. Liquidation of an insolvent company enables an independent liquidator to take control of the company so that its affairs can be wound up in an orderly and fair way for the benefit of all creditors.

You can apply to be registered in either of two categories:

  • as an external administrator of companies, receiver and receiver and manager
  • as a receiver and receiver and manager.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this registration you must:

  • be eligible to be a member of a recognised accounting industry body in Australia, or its international equivalent
  • meet approved competency standards and / or have practical experience
  • be an Australian resident
  • provide proof of sufficient indemnity insurance
  • have not been convicted of an offence involving fraud or dishonesty in the previous 10 years
  • have not been disqualified from managing corporations
  • be capable of performing the duties of a liquidator
  • be a fit and proper person to be registered as a liquidator.

Duration

As specified

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $2200.00

Fees for 2024-25
Apply Licence All $1300.00

Approved registration. Fees for 2024-24

Act(s) name

Corporations Act 2001 Australian Government

Regulation(s) name

Corporations Regulations 2001 Australian Government

Application process

Lodge

Please lodge your completed application with supporting documentation with the agency.

Administering agency

Australian Securities and Investments Commission

Investors and Financial Consumers

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.