Assetless Administration Fund

The Assetless Administration Fund, managed by the Australian Securities and Investments Commission, provides funding to liquidators of assetless companies. This financial support is specifically designated for the investigation and preparation of reports under section 533(2) of the Corporations Act 2001. The primary objective of this funding is to assist ASIC in determining whether specific individuals should be disqualified from managing corporations pursuant to sections 206F or 206GAA of the Corporations Act 2001. The performance of these activities is centered in Brisbane, Australia, and is administered by the AAF Team.