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