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ARTICLE · 03 DECEMBER 2022

What does it take to become a registered liquidator?

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A registered liquidator would sell assets, investigate company affairs, and pay a dividend to creditors.

AustraliaInsolvency/Bankruptcy/Re-Structuring
Andrew Worrell
Andrew Worrell
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Nothing worthwhile comes easily.

We often get asked what it takes to become a registered liquidator and what the interim steps are to progress as an insolvency practitioner.

The next question.why would someone want to work in the insolvency sphere?

A registered liquidator has a wide range of duties, which includes selling assets, investigating the company affairs, and paying a dividend to creditors. When a registered liquidator is appointed to a company, the director's powers are suspended, and the registered liquidator assumes control of all company affairs. A registered liquidator is required to report not only to the creditors and members of the company, but also to the Australian Securities and Investments Commission (ASIC).

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