Retravision Northern to vote on company closure and book destruction

By Patrick Avenell

Retravision Northern members will meet in Brisbane on 14 March 2013 to decide whether liquidators from PricewaterhouseCoopers (PwC) should be appointed to wind down the company and to vote on the destruction of the company’s books.

According to the Notice of Meetings of Members letter sent to Retravision Northern members and seen by Current.com.au, Retravision Northern is seeking approval to appoint Derrick Vickers and Darryl Kirk, both of PwC’s Brisbane office, “for the purpose of winding up the affairs and distributing the assets of the company”.

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Retravision Northern is also seeking a rubber stamp from members to destroy the company books.

“Subject to the consent of the Australian Securities & Investments Commission (ASIC), the liquidator [would] be at liberty to destroy all or any of the books and records of the company and of the liquidator at any time after the dissolution of the company.”

According to ASIC Regulatory Guide 81 — “Destruction of Books” — books are normally kept for five years, except in the case of certain circumstances, one of which is members of a company voting to voluntarily wind up the company.
 

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