SECTION 445FA NOTICE OF TERMINATION OF DEED
445FA(1) [Contents of notice]
(a) the administrator of the deed has applied all of the proceeds of the realisation of the assets available for the payment of creditors; or
(b) the administrator of the deed has paid to the creditors:
(i) the sum of 100 cents in the dollar; or
(ii) any lesser sum determined by the creditors at a general meeting; or
(c) all of the following conditions are satisfied:
(i) the company's obligations under the deed have been fulfilled;
(ii) the obligations of any other party to the deed have been fulfilled;
(iii) creditors' claims under the deed have been dealt with in accordance with the deed;
the administrator of the deed must:
(d) certify to that effect in writing; and
(e) within 28 days, lodge with ASIC a notice of termination of the deed.
445FA(2) [Form of notice]
Note: For termination of the deed, see section 445C.
S 445FA inserted by No 132 of 2007, s 3, Sch 4, Pt 1 (effective 31 December 2007).