Western Australian Consolidated Acts Western Australian Consolidated Acts (1) If, where a
company is being wound up, the winding-up is not concluded within one year
after its commencement, the liquidator shall not less than once a year until
the winding-up is concluded, file with the Registrar a statement in the
prescribed form, verified by a statutory declaration in the form prescribed by
Rules of Court and containing the prescribed particulars with respect to the
proceedings in and position of the liquidation.
(2) Any person stating
himself, in writing, to be a creditor or contributory of the company, shall be
entitled, by himself or by his agent, at all reasonable times, on payment of
the prescribed fee, to inspect the statement, and to receive a copy thereof or
extract therefrom.
(3) If a liquidator
fails to comply with the requirements of this section he shall be liable to a
penalty not exceeding $10 for each day during which the default continues, and
any person untruthfully so stating himself to be a creditor or contributory
shall be guilty of a contempt of Court, and shall, on the application of the
liquidator, be punishable accordingly.
[Section 289 amended by No. 113 of 1965
s. 8(1).]