Report on company activities and property (ROCAP)
ROCAP Version 2 is here.
When the ROCAP was released in November 2018, ASIC said it would consider industry feedback after a period of use and release an updated version.
ROCAP Version 2 is now ready for use and is based on feedback from:
- registered liquidators (RLs) and their staff
- small group consultation sessions with RLs and software providers
- director testing.
ASIC considered all feedback received and incorporated that feedback into Version 2, where possible.
For all new external administrations post 1 August 2022 please ensure you issue the ROCAP Version 2 for the director/officer to complete. The previous version has been removed and replaced with the current version on ASIC’s website.
A three-month transition period commences on 1 August 2022, allowing you and software providers time to adjust.
The ROCAP Version 2 comprises:
- Part A (Form 507), including Form 507A and Part A appendix tables
- Part A instructions
- Part B, including Part B appendix tables
- Part B instructions.
Note: Please ensure you do not lodge Part B and its tables with ASIC because it may contain confidential information provided by the director/officeholder. Lodging Part B places it on the public record and may result in a breach of the Privacy Act 1988. You should ensure your checklists and internal systems reflect this, so your staff know not to lodge Part B. If you inadvertently lodge Part B, you will need to electronically lodge a Request to withdraw lodgement document (Form 106) to remove the Form 507. A new Form 507 will have to be lodged without Part B.
We ask that you make every effort to transition to the ROCAP Version 2 now. We have engaged with the software providers (CORE and Insol6 (formerly MYOB)) to help you be ready for this.
Please send your inquiries or feedback to RLQueries@asic.gov.au.