Assetless Administration Fund - Matters Other than Director Banning Grant

# ⚖️ Assetless Administration Fund: Matters Other than Director Banning Grant This grant, administered by the Australian Securities and Investments Commission (ASIC), provides funding to liquidators of assetless companies in Australia. The primary purpose is to support investigations and the preparation of reports under section 533(2) of the Corporations Act 2001, specifically concerning potential offenses or misconduct that may lead to ASIC enforcement action or further investigation. This grant is one of three revised guidelines replacing ASIC Regulatory Guide 109, developed in accordance with the Commonwealth Grant Rules and Principles 2024 (CGRPs). ## 🎯 **Purpose and Scope** Funding is allocated for cases where a liquidator has a reasonable belief of misconduct within an assetless administration, with sufficient admissible evidence to potentially warrant ASIC's intervention. ## 👥 **Eligibility Criteria** Eligible applicants are liquidators appointed to companies in liquidation via court-ordered winding up, creditors' voluntary winding up, or ASIC-ordered winding up under section 489EA of the Corporations Act 2001. Exclusions apply to liquidators of solvent companies wound up by members or special purpose liquidators. **Additional Eligibility Requirements:** * The company must be an 'assetless' administration. * A section 533(1) Corporations Act 2001 report must have been lodged with ASIC. * The liquidator must reasonably believe misconduct occurred, sufficient evidence exists, and the concerns warrant ASIC legal proceedings considering the conduct's age and history. * Sufficient evidence is, or is likely to become, available. Applicants should consult the Matters Other than Director Banning Grant Guidelines for full details. ## 🤝 **Selection Process and Application** This grant operates under an open non-competitive selection process. There is no specified Total Available Funding amount. Applications must be submitted through the ASIC Regulatory Portal: [https://regulatoryportal.asic.gov.au/](https://regulatoryportal.asic.gov.au/). **Keywords:** Australia, ASIC, Liquidator, Assetless Company, Corporate Misconduct, Corporations Act 2001, Insolvency, Enforcement, Legal Services, Company Winding Up, Grant Funding, Regulatory Compliance.