Get 520 Declaration Of Solvency

The 520 Declaration Of Solvency is an important document used by companies to declare their ability to pay off debts prior to winding up. This guide provides clear and supportive instructions for completing the form online, ensuring compliance with regulations while helping users navigate each section efficiently.

Follow the steps to complete your 520 Declaration Of Solvency online.

1. Press the ‘Get Form’ button to access the online version of the document. This will open the form in your browser or editor for completion.
2. Enter the ASIC registered agent number. This is essential for identifying your company within the regulatory framework.
3. Fill in the lodging party or agent name, ensuring accuracy for smooth processing.
4. Provide the office, level, building name or PO Box number, along with the street number and name for the company’s registered address.
5. Complete the suburb or city field, followed by the telephone and facsimile numbers for contact purposes.
6. Indicate the DX number and the state or territory where your company operates, as well as the postcode.
7. In the declaration section, confirm that you constitute a majority of the directors and have inquired into the company’s financial affairs.
8. State the date of the assets and liabilities statement, and provide a detailed list of your company’s assets, ensuring amounts are shown to the nearest dollar.
9. Fill in the liabilities section with relevant details, including the estimated total and secure liabilities.
10. Calculate the estimated surplus after debts are settled and include necessary signatures from a majority of the directors.
11. After completing the form, review all details for accuracy before saving changes. You may choose to download, print, or share the form as needed.

Complete your 520 Declaration Of Solvency online today to ensure a smooth winding-up process.