New South Wales Consolidated Regulations New South Wales Consolidated RegulationsFor the purposes of section 324 (4) of the Act, the security a liquidator must give is $50,000 in the form of:
(a) cash, or
(b) a cheque drawn on an authorised deposit-taking institution, or
(c) a certificate of deposit issued by an authorised deposit-taking institution, or
(d) a debenture or security that is guaranteed by the Government of a State or Territory or by the Government of the Commonwealth, or
(e) a surety issued by an authorised deposit-taking institution or a body corporate authorised to carry on insurance business under the Insurance Act 1973 of the Commonwealth.