July 19, 2016 BY Valentina Kirilova
ASIC winds up 13 abandoned companies owing employees more than $556,000
Australia financial regulator ASIC has exercised its wind up powers appointing liquidators to 13 abandoned companies to assist employees gain access to the Fair Entitlements Guarantee (FEG) scheme. The appointment of liquidators also facilitates a full and proper investigation into the reasons why the companies failed and allows recovery of any voidable or unreasonable director-related…
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