Registered liquidator transactions on the ASIC Regulatory Portal

From 30 March 2020, registered liquidators must submit certain statutory reports, all applications for assetless administration funding, and requests for ASIC's assistance in an external administration to us via the ASIC Regulatory Portal.

  • The portal will replace the existing lodgement channels for these documents.
  • The statutory reports impacted are those prepared under sections 422(1), 422(2), 438D(1), 438D(2), 533(1) and 533(2) of the Corporations Act 2001.

There will also be new online forms enabling liquidators to:

  • Lodge a request for ASIC's assistance in an external administration.
  • Provide notice they do not intend to supply a supplementary report.
  • Submit a request for assetless administration funding.

The portal features:

  • The ability to track the status of submitted transactions.
  • A record of submitted transactions.
  • The ability to correspond with ASIC online.

The transactions that will be available in the ASIC Regulatory Portal from 30 March are listed below.

Current nameName of transaction in portal from 30 March

EX01 Initial ss533(1)/438D/422 report (initial statutory report)

Submit insolvency initial statutory report

EX02 Assetless administration funding request (s206 F ­- Director banning)

EX03 Assetless administration funding request (matters other than Section 206F - Director banning)

AAF funding request for Liquidator recovery of assets

Submit request for assetless administration funding

Insolvency supplementary report 533(2)

Submit insolvency supplementary report

Liquidator Assistance Program (LAP) Request Request assistance for external administration

Submit Notice of intention not to lodge a supplementary report (NNS)

Submit Notice of intention not to lodge a supplementary report (NNS)

I'm a registered liquidator – what do I need to do?

All registered liquidators should have registered on the ASIC Regulatory Portal as part of their annual industry funding obligations.

If you are a registered liquidator with an existing ASIC Regulatory Portal account, the transactions listed above will be made available in your portal account from 30 March 2020.

For information about how to find a transaction once you are logged in to your portal account, see our FAQ page.

I'm not on the portal, how do I register?

Go to the ASIC Regulatory Portal homepage and select the blue 'Register' button.

You can connect using your registration number. For more information on how to register, see our user guide.

Can I arrange for someone else to submit a form/transaction on my behalf via the portal?

Yes. You can invite trusted representatives to act on your behalf in the portal.

If you would like someone to act on your behalf in the portal, you first need to invite them to connect to your account.

When inviting someone to connect to your account you can define user access levels that control what others can do on your behalf. For example, you can authorise another user to launch and edit a transaction, but only you can submit. Please note that the authorised user will receive their own user name and password to log into the portal.

Only a user with Senior administrator or Administrator Access level for an entity can invite other users to connect to that entity.

For more information, including on how to invite someone to connect to your account, see the Administration section on the FAQ page.

I've invited someone to connect to my liquidator registration in the portal, how do I ensure they don't see confidential information?

The invitation process involves setting an Access level to determine what someone can and can't see and do, on your behalf.

There are four Access levels – Senior administrator, Administrator, Approver and Editor.

  • Senior administrator – can launch, edit and submit a transaction, invite other users to the entity and view other administrative details for an entity.
  • Administrator – can launch, edit and submit a transaction and invite other users to the entity.
  • Approver – can launch, edit and submit a form or transaction, and view other administrative details for an entity.
  • Editor – in general, can launch and edit a form and transaction, but they cannot submit it.

You can also restrict access to transactions in portal – refer to the below section for more information about this.

For more information on setting Access levels, see the Administration section on the FAQ page.

I've invited someone to connect to my liquidator registration in the portal, can they see which entities I am connected to?

Registered liquidators can invite a trusted representative to act on their behalf in the portal. A trusted representative cannot view which entities you are connected to.

Can I restrict access to transactions in the portal?

Yes. Once you launch a form or transaction, the portal will direct you to a transaction settings page. The transaction settings page asks if you want to restrict access to the transaction. To restrict access, click Yes – restrict access. This will take you to a set restrictions page, which allows you to select users who can access the transaction.

Once you have set the restrictions for a transaction, you also have the option to add or remove users later.

More information on restricting access to transactions is on the FAQ page.

When will ASIC publish information about the content of the transactions that will be on the portal?

ASIC will provide information on the content of the forms in early March 2020.

What is the ASIC Regulatory Portal?

The ASIC Regulatory Portal will become your central access to ASIC's growing suite of digital regulatory services.

Key features:

  • Allows you to act on behalf of multiple entities (individuals or organisations) – for example, you may be a company officeholder (director or secretary of a company) in which case you can register and claim that entity. You can then invite others to act on your behalf or you may be invited by an entity or an officeholder to act on their behalf.
  • Uses information you have previously supplied to pre-fill applications and transactions.
  • Tracks the status of your applications and transactions.
  • Ensures greater security through use of your own individual portal user account and password.
  • Enables you to define user access levels that control what others can do on behalf of an entity or individual – for example, you can authorise another user to launch and edit a transaction, but only you can submit.

Where do I go if I need help using the portal?

The ASIC Regulatory Portal help page has resources to help you get up to speed with using the portal. These include step-by-step user guides, FAQs and videos to help you – from registering your account to connecting your registration and inviting trusted representatives to act on your behalf.

What's new

ASIC reports on corporate insolvencies 2018–19

ASIC has published its annual overview of corporate insolvencies for the 2018-19 financial year. 18 December 2019.

Report On Company Activities and Property (ROCAP)

After an extensive revision process and industry consultation conducted through an external consultant, ASIC has released the new ROCAP - Report On Company Activities and Property to replace the RATA. 

 

Industry funding

The Government has introduced new laws that change the way ASIC is funded. Regulated entities will receive an invoice for ASIC’s regulatory services delivered in the prior year. Find out what this means for registered liquidators.

 

Quicklinks

Insolvency Law Reform Act 2016

Releases on insolvency

Liquidator registration applications

Registered liquidator disciplinary decisions

Insolvency statistics

 

Sign up for:

ASIC Corporate Insolvency Update

Published notices

View insolvency and deregistration notices on the published notices website.

Last updated: 06/02/2020 12:00