QuickBooks is a ‘kept book’

It’s official, #QuickBooks is a ‘kept’ ‘book’ for the purposes of the Corporations Act, thanks to a WA Supreme Court decision handed down last Wednesday.

7 barristers and a day of hearings, lead Justice Tottle to this groundbreaking conclusion.

The issue was in relation to whether or not a liquidator could rely upon QuickBooks in pursuing various voidable transaction claims, notwithstanding QuickBooks not having been verified.

Case link: https://ecourts.justice.wa.gov.au/eCourtsPortal/Decisions/DownloadDecision/a5d9c827-5ebf-46d5-af1b-337f1172be15?unredactedVersion=False

#SVVoidables