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How to fill out the Form 509 online
The Form 509, governed by the Corporations Act 2001, is crucial for presenting a company's summary of affairs. This guide offers a comprehensive, step-by-step approach to effectively complete and submit the form online.
Follow the steps to accurately complete the Form 509.
- Press the ‘Get Form’ button to access the form and open it in your preferred editor.
- Provide the lodgement details. Enter the name of the person ASIC should contact for queries, along with the ASIC registered agent number if applicable. Include the company or entity name, ACN or ABN, telephone number, and postal address. Email address can be provided but is optional.
- Input the company details, including the company name and ACN.
- Complete the summary of assets and liabilities. Fill in the date to which the summary is made up. List all assets not specifically charged, such as interests in land, sundry debtors, cash on hand, cash at bank, stock, work in progress, and other assets, while providing the estimated realizable values.
- Deduct any amounts owing from preferential and unsecured creditors. Provide detailed calculations for amounts owed and secured by debenture or floating charge, along with claims from contingent liabilities and assets.
- Sign the form. Ensure that it is endorsed by a director or secretary, including the name, capacity, and date signed.
- If additional information is required, use annexures following the guidelines provided. Ensure to include necessary details such as company name and ACN, and mark the annexure with identifying letters.
- Submit the completed and signed form by sending it to the Australian Securities and Investments Commission at the specified postal address.
Complete your Form 509 online today to ensure timely registration.
Consent can be given in any written format, but the signature of the person providing consent must be notarized. A proposed name cannot be “the same as” an existing name, even if the holder of the existing name consents. The holder of an existing name is not required to give consent.
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