Location of ASIC website for publication of insolvency notices

 ASIC, Corporate Insolvency, Insolvency Notices, Insolvency practices, Regulation  Comments Off on Location of ASIC website for publication of insolvency notices
Jul 042012
 

The new ASIC website to be used by liquidators and other insolvency practitioners, and which can be searched by the public free of charge, is located at https://insolvencynotices.asic.gov.au/

 

 

The name of the site is a little misleading, because not all the notices are about insolvent companies. Notices to do with solvent companies who have entered a members’ voluntary liquidation are also shown. Accordingly, caution needs to be shown when browsing or searching. For example, regardless of whether a company is undergoing a solvent liquidation or an insolvent liquidation, the Browse/Search Notices page of the website shows the Status of such companies as simply “In liquidation”. Even when a notice is Viewed, there is no obvious sign as to the type of liquidation the company is undergoing.

When browsing or searching the results can be filtered by Appointment Type. The types are Court Liquidation, Creditors’ Voluntary Liquidation, Deed of Company Arrangement, Deregistration, Members’ Voluntary Liquidation, Scheme of Arrangement, Voluntary Administration and Winding Up Application.

PrintFriendly and PDF

New regime for publication of insolvency notices

 ASIC, Corporate Insolvency, Insolvency Notices, Insolvency practices, Regulation  Comments Off on New regime for publication of insolvency notices
Jun 262012
 

From 1 July 2012 most insolvency notices issued by Australian registered liquidators will be published on a new website set up by the Australian Securities and Investments Commission (ASIC).

This largely replaces the existing age-old system under which notices were published in classified advertisements in newspapers and in the Federal Government’s business gazette.

Just ahead of the start of the new system and the launch of the ASIC’s special website, the ASIC has sent three documents to liquidators explaining the change:

  • “Getting started on ASIC’s new website for insolvency and other matters.” To read and/or copy CLICK HERE.

  • “Updated fact sheet for Registered Liquidators – 26/6/2012: Lodging notices for publication on the ASIC’s website.”  To read and/or copy CLICK HERE.

  • “Fact sheet – Proposed changes to publish notices electronically.”  To read and/or copy CLICK HERE.

The types of notices that must be sent to the new ASIC website are :

1. notices of winding up applications
2. notices relating to appointments
3. notices of meetings of creditors
4. notices of intention to disclaim property
5. notices calling for proofs of debt and intention to declare dividends
6. company deregistration.

Anyone will be able to search the new website free of charge for a particular notice.  The enquiry/search parameters will be:

* company name.
* trading name.
* appointment type (eg court liquidation, voluntary administration etc)
* notice purpose (eg meeting of creditors, appointment, declaration of dividend, disclaimer etc).
* publication date.

The ASIC expects to introduce more advanced search functionality after 1 July 2012.

PrintFriendly and PDF