Which of the following statements is incorrect:
A) once a receiver is appointed, the company is required to submit to them a report as to affairs of the company within 14 days.
B) a receiver is required to open a special bank account and lodge a statement of receipts and payments every 6 months.
C) 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.
D) a receiver is required to obtain permission from the company before selling any assets.
Correct Answer:
Verified
Q3: A receiver should be:
A) an auditor or
Q5: The administrator of a company under administration
Q6: Which of the following is a ground
Q9: Which of the following statements is incorrect:
A)
Q10: Which of the following is not a
Q11: What is the timeframe within which the
Q11: An administrator may be appointed by:
A) the
Q12: When an administrator is appointed to a
Q13: Which of the following is a task
Q15: Which of the following is not a
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