JAT 0.00% 80.0¢ jatcorp limited

Doesn't submission of form 505 mean that they are wrapping up...

  1. 86 Posts.
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    Doesn't submission of form 505 mean that they are wrapping up the receivership? I am unsure where it states that NCA is no longer in administration....

    https://asic.gov.au/regulatory-reso...creditors/receivership-a-guide-for-creditors/

    Conclusion of receivership

    A receivership usually ends when the receiver has collected and sold all of the collateral or enough collateral to repay the secured creditor, completed all their receivership duties and paid their receivership liabilities. Generally, the receiver resigns or is discharged by the secured creditor. Unless another external administrator has been appointed, full control of the company and any remaining assets goes back to the directors.
 
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