CORPORATIONS REGULATIONS 2001 - REG 5.5.02 Declaration about eligibility for simplified liquidation process and other matters

CORPORATIONS REGULATIONS 2001 - REG 5.5.02

    For the purposes of subsection   498(3) of the Act, the following information is prescribed:

  (a)   whether, in the directors' opinion, there are reasonable grounds to believe that the company has entered into a transaction that would be voidable under section   588FE of the Act, other than a transaction that would be an unfair preference;

  (b)   whether, in the directors' opinion, there are reasonable grounds to believe that, on the declaration being given, the eligibility criteria for the simplified liquidation process will be met in relation to the company, and the reasons for that opinion.