Details
| Original language | English |
|---|---|
| Place of Publication | Sydney |
| Volume | 428 |
| Publication status | Published - 2014 |
| Externally published | Yes |
Publication series
| Name | Australian Securities and Investments Commission Policy Reports |
|---|
Abstract
This paper explores ways to increase compliance of directors of companies in liquidation with their legal obligations. Under sections 475, 530A, 530B, and 590 of the Corporations Act 2001, it is the legal duty of a company director to cooperate with a nominated liquidator if the company is in liquidation. In particular, directors have to:
report on the affairs of their company,
grant access to and hand over company books,
provide information regarding company property, and
assist the liquidator in all further matters.
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Sydney, 2014. (Australian Securities and Investments Commission Policy Reports).
Research output: Book/Report › Commissioned report › Transfer
}
TY - BOOK
T1 - Improving communication with directors of firms in liquidation
T2 - QuBE – ASIC report
AU - Dulleck, Uwe
AU - Koessler, Ann-Kathrin
AU - Schaffner, Markus
AU - Torgler, Benno
PY - 2014
Y1 - 2014
N2 - This report was commissioned by ASIC and produced by Queensland Behavioural Economics Group (QuBE). It sets out the results of research altering letters sent to directors of firms in involuntary liquidation to encourage them to comply with their legal obligations to report information to their liquidators.This paper explores ways to increase compliance of directors of companies in liquidation with their legal obligations. Under sections 475, 530A, 530B, and 590 of the Corporations Act 2001, it is the legal duty of a company director to cooperate with a nominated liquidator if the company is in liquidation. In particular, directors have to: report on the affairs of their company, grant access to and hand over company books, provide information regarding company property, and assist the liquidator in all further matters.
AB - This report was commissioned by ASIC and produced by Queensland Behavioural Economics Group (QuBE). It sets out the results of research altering letters sent to directors of firms in involuntary liquidation to encourage them to comply with their legal obligations to report information to their liquidators.This paper explores ways to increase compliance of directors of companies in liquidation with their legal obligations. Under sections 475, 530A, 530B, and 590 of the Corporations Act 2001, it is the legal duty of a company director to cooperate with a nominated liquidator if the company is in liquidation. In particular, directors have to: report on the affairs of their company, grant access to and hand over company books, provide information regarding company property, and assist the liquidator in all further matters.
UR - https://download.asic.gov.au/media/3040748/rep428-published-18-march-2015.pdf
M3 - Commissioned report
VL - 428
T3 - Australian Securities and Investments Commission Policy Reports
BT - Improving communication with directors of firms in liquidation
CY - Sydney
ER -