This grant supports liquidators of assetless companies in liquidation to investigate possible offences or misconduct and prepare reports under section 533(2) of the Corporations Act 2001. Funding enables detailed investigations that may prompt ASIC to commence enforcement actions. Applicants must meet eligibility criteria including prior report lodgment and reasonable belief of misconduct.
Eligible applicants are liquidators appointed to assetless companies in liquidation by court order, creditors' voluntary winding up, or ASIC order, excluding solvent company liquidators. Applicants must meet specific criteria including prior report lodgment and reasonable belief of misconduct.
