Catchwords:
CORPORATIONS – External administration – Application by liquidators for approval of remuneration – s 60-10 of the Insolvency Practice Schedule (Schedule 2 to the Corporations Act 2001 (Cth)) – Objections by majority shareholder and major creditor by value – Consideration of factors set out in s 60-12 of Practice Schedule – Whether appropriate to consider unproven allegations about liquidators’ conduct in undertaking remuneration determination – Relevance to assessment under s 60-12(a) of whether work was properly performed.
WORDS AND PHRASES – ‘necessary and properly performed’ – s 60-12(a) of the Insolvency Practice Schedule (Schedule 2 to the Corporations Act 2001 (Cth)).
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