Commonwealth Consolidated Regulations

FEDERAL COURT (CORPORATIONS) RULES 2000 - RULE 7.3

  (1A)   In this rule:

"liquidator" includes a provisional liquidator.

  (1)   If a person is required under section   475 of the Corporations Act to submit and verify a report as to the affairs of a company, the liquidator must give to the person the appropriate forms and instructions for the preparation of the report.

  (2)   Except by order of the Court, no person is to be allowed out of the property of a company any costs or expenses incurred in relation to the preparation of the report that have not been:

  (a)   sanctioned by the liquidator before being incurred; or

  (b)   taxed or assessed.

  (3)   The liquidator must report to the Court any default in complying with the requirements of section   475 of the Corporations Act.

  (4)   Unless the Court otherwise orders, a report filed by a liquidator under subsection   475(7) of the Corporations Act is not available for inspection by any person.

Note:   A report filed by a liquidator under subsection   475(7) of the Corporations Act may include commercial - in - confidence information that may not be inspected: see subsection   1274(4G) of the Corporations Act.