The receiver's role normally includes the following except for:

A) collecting and selling enough of the charged assets to repay the debt owed to the secured creditor.
B) paying out the money collected in the order required by the Corporation Act.
C) liquidating the insolvent company.
D) reporting to ASIC any offenses or other irregular matters they discover in performing their duties.

Charged Assets

Assets that are used as security or collateral for a loan or obligation, ensuring the lender has rights to the asset if the borrower defaults.

Secured Creditor

Someone who has a ‘charge’ over some or all of the company’s assets, to secure a debt owed by the company.

Corporation Act

A legal framework that governs the creation, operation, and dissolution of corporations, detailing the regulatory environment for corporations and their stakeholders.