ASSETLESS ADMINISTRATION FUND GRANT AGREEMENTGrant Agreement • February 4th, 2022
Contract Type FiledFebruary 4th, 2022PARTIES 1. AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (ASIC) 2. THE PERSON/S NAMED IN ITEM 1 OF THE SCHEDULE AS THE LIQUIDATOR/S OF THE COMPANY/COMPANIES OUTLINED IN ITEM 2 OF THE SCHEDULE (LIQUIDATOR) RECITALS A. The Assetless Administration Fund (AA Fund) is a grant scheme established by the Australian Government and administered by ASIC. The AA Fund may fund liquidators to undertake a number of different activities, including funding preliminary investigations and reports into the failure of companies with few or no assets.B. ASIC has issued the Director Banning (Director Banning) Grant Guidelines (Guidelines) in respect of its administration of the Director Banning grants from the AA Fund.C. The Liquidator has formed the opinion that it is desirable lodge a further report with ASIC pursuant to section 533(2) of the Corporations Act 2001 (Corporations Act) in relation to the company or companies outlined in Item 2 of the Schedule.D. In order to obtain f