What Is the Timeframe Within Which the Liquidator Must Submit

question 34

Multiple Choice

What is the timeframe within which the liquidator must submit a preliminary report to ASIC after receiving the statement of affairs from the directors?

• A) 12 months
• B) 2 months
• C) 3 months
• D) 14 days

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Definitions:

Fixed Asset Accounts

Financial accounts that track the purchase, depreciation, and disposal of long-term assets that have a physical form and are used in the operations of a business.