The future of VARA?

[Section28- BE]

'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:

• Completion of Part 1 of the Schedule
• The deed contains typographical errors or incorrect Australian Company Numbers (ACNs) or Australian Registered Body Numbers (ARBNs)
• Deed incorrectly executed
• Alternative trustee has not been appointed and is required to be
• Solvency statement does not identify deed
• Companies under external administration
• Opt-in notice not lodged

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