'Mick'-
When does the Deed of Cross-Guarantee (DOCG) that is being relied upon in this instance, I 'believe'- get extinguished for that purpose.....????
And would appreciate being educated myself- do not get me wrong on that, at all.
Voluntary Admin or Liquidation (in this case)....????
ASIC link:
https://asic.gov.au/regulatory-resou...ency_statement
Extract #1:
Common problems we have identified
Common problems with deeds that we have identified include:
Extract #2:
Companies under external administration
Companies that are under external administration and any entities owned by such companies are not eligible for relief.
What is the go- here, with this ??
With thanks & rgds
S28- BE