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Get Ato Voidable Transaction Form
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How to fill out the Ato Voidable Transaction Form online
Filling out the Ato Voidable Transaction Form online can seem challenging, but with the right guidance, it can be straightforward. This guide will walk you through each section of the form, ensuring you have the knowledge to complete it accurately and efficiently.
Follow the steps to successfully complete the form.
- Click the ‘Get Form’ button to obtain the form and open it in the online editor.
- In Section A, provide the liquidator's details. Input your firm name, the name of the contact person, contact number, address, email, and date of appointment. Specify whether an administrator was appointed by marking 'Yes' or 'No'.
- In Section B, enter the entity details, including the name, Australian company number (ACN), and tax file number (TFN). Note that providing a TFN is optional but may delay processing.
- In Section C, list the details of the directors involved. Include the names, phone numbers, and addresses of each director. Ensure that all sections are completed accurately.
- In Section D, summarize the liquidator's claim. Input the total claim amount, the relation back day, and fill in details of payments claimed, including dates and amounts for each payment.
- In Section E, provide evidence that the Commissioner was preferred, including the entity’s net cash/asset position and expected voidable transaction claims. Make sure to detail the priority creditors and any priority fees.
- In Section F, present the entity's financial details in support of insolvency. Fill in the income/sales for the past periods, liabilities, and evidence of insolvency.
- In the annexure coversheet, ensure all documents you are attaching are numbered and labeled clearly. List the types of documents that support your claim.
- Review all sections of the form to ensure accuracy. Once completed, save your changes, then choose to download, print, or share the form as needed.
Start completing your documents online today for a smoother process.
A voidable preference occurs when there is a transfer of assets to a creditor shortly before a debtor files for bankruptcy protection. The recipient of these assets must return them to the bankruptcy estate.
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