Take the time to thoroughly read our Regulatory Guide 186 External Administration: Liquidator registration [formerly PS 186] as itoutlines our approach to the registration of liquidators and official liquidators under Part 9.2 of the Corporations Act 2001. It sets out:
our approach to the criteria you must meet to become a registered liquidator
our approach to what you must do to remain registered as a liquidator, and
when we will register you under the categories of ‘official liquidator’ or ‘liquidator of a specified body corporate’
We aim to form a preliminary view about whether to grant or refuse your application within 6 weeks of receiving all the information and documents required. However, this time will be affected by:
whether we are waiting for further information from you about any aspect of the application; and
how quickly we receive from third parties any confirmation that we may have requested about information in your application.
To help you ensure that you have included all the relevant material with your application, we suggest you use a copy of our checklist for liquidator registration.
Where to send your application
Mail your completed application, together with the prescribed fee of $330 to:
Liquidator Registration Team
Australian Securities & Investments Commission
GPO Box 9827
Adelaide SA 5001.
Professional indemnity insurance and fidelity insurance
Refer to Regulatory Guide 194Insurance requirements for registered liquidators for details of how ASIC will administer the new insurance requirements for registered liquidators in s1284 of the Corporations Act 2001.
Before we will grant your application for registration as a liquidator, you will need to demonstrate that you have adequate and appropriate professional indemnity insurance and fidelity insurance for claims that may be made against you in connection with externally administered bodies corporate.
More information
For more information about the registration process please contact us online or phone us on 1300 300 630.
