Which of the following statements is incorrect?
A) A receiver must obtain permission from the company before selling any assets.
B) A receiver is required to open a special bank account and must lodge a statement of receipts and payments every 6 months.
C) Within 14 days of the receiver's appointment, the company is required to submit a report to the receiver detailing the affairs of the company.
D) Wages, superannuation contributions, the superannuation guarantee change, long service leave, sick leave and retrenchment payments are to be given priority over circulating security interests when the company is in receivership, but not yet in the process of being wound up.
Correct Answer:
Verified
Q12: Which of the following is not an
Q13: Under the Corporations Act, tasks of a
Q14: An administrator may be appointed by:
A) the
Q15: The report as to affairs (Form 507)
Q16: Which of the following statements is incorrect?
A)
Q18: The administrator of a company under administration
Q19: At the commencement of a members' voluntary
Q20: When an administrator is appointed to a
Q21: Claims against a company whereby the creditor
Q22: Which of the following statements is correct?
I.
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