Under the Corporations Act, tasks of a liquidator include which of the following?
I. Determine the creditors and order of priority of payment.
II. Bring about the dissolution of the company.
III. Take possession of the company's assets.

Question

Quizplus · Accepted Answer

All three tasks are listed as duties of a liquidator under the Corporations Act. The liquidator is responsible for determining the order of priority for payment of creditors, bringing about the dissolution of the company, and taking possession of the company's assets in order to realize their value and distribute proceeds to stakeholders. Therefore, options B, C, and D can be eliminated.

Under the Corporations Act, Tasks of a Liquidator Include Which