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What is a Public Examination?
A public examination is a formal examination process which is conducted in an open court.
Liquidators or the Australian Securities and Investments Commission (ASIC) can apply to court for a public examination to be held.
During the conduct of the examination, Liquidators or the ASIC can ask any question in relation to the management, promotion and transactions of the company and its officers or about the personal circumstances of the people involved with the company.
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