Home   Forms - Coy Legislation- Coy       Contact Us

Providing free on-line assistance and guidance  for all persons affected by individual or corporate insolvency in Australia


Guides and aids

This page last updated: 23/4/2016






  This information sheet (INFO 29) outlines ASIC's expectations in relation to forms commonly lodged with ASIC in an external administration. Published 21 April 2016. ASIC says "It provides information on (1) using our flowcharts for form lodgements, which will help you understand when certain forms must be lodged; (2) using the registered liquidator portal, which is the fastest and most accurate way of lodging forms if you are a registered liquidator; (3) using the ASIC published notices website for notices required under the Corporations Act 2001; (3) specific situations where guidance may be needed on the lodgement of forms, including: (a) payment of fees, (b) correcting or withdrawing lodged forms, (c) notifying ASIC of changes to your details, (d) the meaning of lodgements by ‘the company’, (e) meetings where there is no quorum, (f) lodgement of Form 524 Presentation of accounts and statement for multiple receivership appointments, (g) application to deregister a company by a liquidator when a receiver or controller is appointed, (h) cancellation of meetings, (i) final meetings and a liquidator’s annual obligations, (j) lodgements after an appointment has ended, (k) applying for consent to early destruction of books, and (l) the liquidator’s role when a company is reinstated by the court."
  PDF copies of each of the 13 ASIC flowchart are available here to view and/or download.
  Australian Financial Security Authority,13 August 2015.  "We endeavour to foster stakeholder confidence in the personal insolvency system through effective regulation and enforcement activities that are timely, consistent and appropriate."
  "This questionnaire is to be used for formal insolvency engagements under the Corporations Act and Bankruptcy Act. The questionnaire is based on the requirements of APES 330 Insolvency Services (Revised November 2011), a mandatory professional standard effective 1 April 2012."
  ASIC Regulatory Guide (RG 174). Published 27 May 2015. Previous versions: Superseded Regulatory Guide 174, issued June 2003 and reissued July 2007. "This guide describes when we will give relief from the financial reporting provisions of the Corporations Act 2001 (Corporations Act) to externally administered companies and to registered managed investment schemes (registered schemes) being wound up. It also describes when we will give relief to externally administered public companies from the requirement to hold an annual general meeting (AGM)."
  From ARITA. Issued 2 March 2015.
  From the Australian Taxation Office, January 2015.  To be used by insolvency practitioners when asking the ATO for an indemnity for costs in a legal proceeding the insolvency practitioner wants to take. The ATO webpage explains the procedure in detail.
  From ARITA. Issued 26 November 2014.
  From ARITA.  Version 3, updated as at 18 August 2014.

From IPAA, ARITA. Version 3 - effective from 1 January 2014.


Template produced by the Australian Insolvency Practitioners Association .  IPAA members must use this format from 1 January 2013.


Template designed by the Australian Insolvency Practitioners Association .


Published by the Department of Education, Emploment and Workplace Relations.


ASIC Regulatory Guide (RG 242).  Published 8 November 2012.  Final policy guidelines on how ASIC intends to exercise its new power under Part 5.4C (ss 489EA to 489EC) of the Corporations Act. RG 242 follows consultation carried out through Consultation Paper 180 of July 2012 (CP 180).  The response to submissions on CP 180 is published in Report 310 (REP 310).


ASIC Regulatory Guide 109 (RG109).  Published 8 November 2012.  Previous versions which have been superseded are RG 109, issued 23/2/2006 and reissued 26/11/2009; RG 109A, issued 13/6/2006; RG 109B, issued 21/12/2007, effective 1/1/2008.


ATO guide issued October 2012 (obtained March 2014).


ATO PDF form as at March 2014.


Link to ATO web pages on these subjects.

  • Lodging notices for publication on ASIC's Insolvency Notices website. 

From 1 July 2012, you must lodge most notices with ASIC for publication on our new stand alone website: insolvencynotices.asic.gov.au. This replaces the requirement to publish the notices in the print media (newspapers and the Business Gazette).  ASIC has published the following information and fact sheets:


Getting started / Quick guide July 2012

Updated fact sheet 26 June 2012

  • An Appraisal of the Report as to Affairs (RATA) (ASIC Form 507).

In November - December 2011 I conducted research in relation to the RATA, its purpose, form, design, content and accessibility, its history, its effectiveness, and ways in which it may be improved.  The research - which was sponsored by the Insolvency Practitioners Association of Australia -  included a formal survey of the attitudes, opinions and experiences of official liquidators.  My report entitled "An Appraisal of the Report as to Affairs" was completed in March 2012. For a complete copy of the report, click HERE.  A shorter version was published by the IPA in the June 2012 edition of Australian Insolvency Journal (2012 Volume 24, Number 2).  For a copy of that article, click HERE.

  • ATO Guide: Refund of preference payments (companies).  From 1 March 2011 the ATO will repay voidable transactions over $25,000 and up to $500,000 without the liquidator having to obtain a court order under S.588FF (conditions apply).

Official ATO publication, last modified 8 August 2011.


A copy of the information on the Australian Taxation Office website as at 9/6/2011.


Extract from official publication of the Productivity Commission, June 2010.


Official ATO publication, 21 July 2010.


Official ATO publication, June 2010.


Official ATO publication, June 2010.


Official publication of the ASIC. 15/6/2010.


Official publication of the ASIC. 11/5/2010. Letter headed "Independence Project - review of compliance by registered liquidators with the new disclosure requirements"

  • Notifying the Tax Office of your appointment


This task is probably best done electronically.  Go to www.ato.gov.au/taxprofessionals, then via these links: > Your tax practice > insolvency & legal practitioners > insolvency practitioners. Follow the instructions to send the form using the Form Client 5 software provided.

  • TAX TOPICS.  On its website the ATO has a section that addresses 14 topics impacting on insolvency practitioners.  Topics include: "Responsibilities of a registered insolvency practitioner"; "Reports"; "Indemnities for trustees and liquidators"; "Preference payments"; and "Superannuation and insolvency".


Go to www.ato.gov.au/taxprofessionals and follow the links > Your tax practice > Insolvency & legal practitioners > Insolvency practitioners.



Created by Australian Taxation Office


Created by the Insolvency Resources Centre.


Created by the Insolvency Resources Centre.


Created by the Insolvency Resources Centre.

  (under construction)

  (under construction)
  Assembled by the Insolvency Resources Centre.
  Assembled by the Insolvency Resources Centre.
  Editable version in Word. Constructed by the Insolvency Resources Centre.
  Created by the Insolvency Resources Centre
  Created by ASIC and IPA Jan 08.
  Funding criteria and guidelines - November 2009 .  ASIC Regulatory Guide 109. Link to location of file on ASIC website.
  Subjects: 1.Lodging after 31/12/2007; 2. Transitional arrangements; 3. Forms that can be lodged electronically; 4. Flowcharts of insolvency forms and processes (IFF1 to IFF15).
  Subjects: 1. Insolvency Information Sheets; 2. Insolvency: a glossary of terms.
  Subjects: Registration and regulation of liquidators; 1. Changes to registration requirements; 2. Changes to ongoing obligations; 3. ASIC's power to cancel registration.
  Subjects: Other amendments: 1. Reports by liquidators and managing controllers; 2. Voluntary administration and deeds of company arrangement; 3. Creditors voluntary windings up; 4. AGMs in external administrations; 5. Liquidator's conduct.
  ASIC guide 82 for registered liquidators appointed under Part 5.3A. May 2005.
  An official report compiled from information supplied to ASIC by liquidators in their investigation reports.  The report is titled "External administrators: Schedule B statistics 1 July 2004 to 30 June 2007.  It was published on 26 June 2008.
  The IPS accounting and management software is used by many insolvency practitioners in Australia and the UK.The website provides a short video presentation (4min 18secs) of the SQL version.  (The video is from the UK head office of Turnkey/CORE.)
  Official Insolvency Practitioner's System MANUAL - VERSION 6.00     MSDOS  11/01/93.  Text document of 44 pages.



   If you would like to make a comment or send a query, send us an email