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Author: Admin | 2025-04-27
Or by the appointee.The total amounts paid to creditors are based on all dividends or other payments made to creditors with respect to their claims.The cumulative rate actually paid is based on the total amount paid to creditors, divided by the creditor control value. This includes all unadmitted or unfinalised creditor claims. If a creditor does not have a claim which should be included in the control value, it will be necessary to mark the creditor as having no claim via the right hand click popup menu option on the creditor register.The Form 5602 reports one totalled dividend amount and rate per class of creditor paid even if more than one dividend was paid for each class. Since the total of admitted claims can change between dividends, the overall rate for all the dividends paid is calculated based on the control value, which is the system's best estimate of the total of creditor claims at any one point in time. The system does not track the admitted value of claims over time.The rate of dividends paid to secured creditors is not required to be reported to ASIC.As of V2019.03 this screen has been updated to only report FEG payments for the period of this return and not for the period commencing on the date of the appointment. ASIC has advised that no action need to be taken with respect to any previous returns lodged.Details of Dividends paid to Date. Heading has been updated for clarity.Where do these numbers come from?The
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