POTENTIAL DESTRUCTION OF WPG BOOKS etc, page-6

NZ Trader : I'm pleased you too are concerned about this matter. Suggest you Google & read
ASIC REGULATORY GUIDE 81
Destruction of books
Chapter 5 — External administration

The Law
RG 81.2 Where a company has been wound up, the liquidator must
keep the books referred to in s542(1) (see RG 81.3) for five years
from the date of the company’s deregistration (s542(2)). The
liquidator may destroy them after five years, subject to s262A of the
Income Tax Assessment Act 1936 (Cth).

RG 81.4 However, when a company has been wound up, the books
referred to in s542(1) may be destroyed within five years after the
company is deregistered:

(c) in the case of a creditors’ voluntary winding up — as the
committee of inspection directs, or, if there is no such committee,
as the creditors of the company by resolution direct.” (which presumably has been passed at WPG creditors' mtg)
RG 81.5 Nevertheless, the liquidator must not destroy the books in
the circumstances referred to in s542(3)(b) and 542(3)(c) unless ASIC
consents to their destruction (s542(4)).

RG 81.19 Matters ASIC will consider include: (ASIC should look into the demise of WPG, e.g. what
(a) whether an investigation, prosecution or other litigation is happened to WPG bullion, why mining 'failed', and why new
pending or on foot in relation to the company or an associate of owners (related to prev. contractors ?) say mines have good prospects)
the company;
(b) whether ASIC has received any complaints in relation to the
company or its associates;
(c) whether any reports have been lodged in relation to the company
or its associates under s422 or 533 of the Law or under s438D of
the Law;
(d) whether the liquidator or ASIC has received requests for access to
the books, or the information contained in them;
(e) the funds remaining in the administration;
(f) the estimated cost of storage of books;
(g) the surplus or deficiency of funds in the administration;
(h) the time between the date of the final meeting held under s509 of
the Law and the date the books would be destroyed; and
(i) whether it is a creditors’ or members’ winding up.

NOT PROFESSIONAL ADVICE : PLEASE DO YOUR OWN DD