Clause 37

When the nominated liquidator (including any substitute liquidator) assesses that the requirements in section 250F(1)(a) to (c) are met, the nominated liquidator must —

publish a notice of the company’s entry into the simplified winding up programme on the designated website; and

lodge with the Registrar of Companies a notice of the company’s entry into the simplified winding up programme.(2) The simplified winding up programme for the company is deemed to commence on the date of the events mentioned in subsection (1)(a) and (b) or, if they occur on different dates, the later of those dates.(3) For the purposes of paragraph (e) of the definition of “commencement of the winding up” in section 217(1), the time of commencement of the simplified winding up programme referred to in subsection (2) is deemed to be the time of the passing of the resolution for voluntary winding up.(4) The voluntary winding up of the company under the simplified winding up programme is to be treated as if it were a creditors’ voluntary winding up.(5) The appointment of the nominated liquidator (including any substitute liquidator) as liquidator of the company is deemed to take effect upon the commencement of the simplified winding up programme for the company and is on the terms and the remuneration approved at the meeting mentioned in section 250D(1) or 250G(2), as the case may be.”.