Remember remuneration report requirements
- Published 03.04.2019
Summary
The importance of complying with the statutory requirements in relation to remuneration reports to creditors was recently highlighted in the decision of Lock, in the matter of Cedenco JV Australia Pty Ltd (in liq) (No 2) [2019] FCA 93 wherein the Federal Court of Australia found that the failure of the two liquidators to provide sufficient detail in a remuneration report to creditors invalidated previously approved remuneration.
Background