The Court approved liquidators' remuneration totalling $710,017.44 (incl GST) on a time-cost basis for two related companies in liquidation, being satisfied the work was necessary, properly performed, and proportionate to the value of services provided. The remuneration represented less than 5% of the $14.1m in assets realised, which the Court treated as an important indicator of proportionality. The Court also granted equitable liens over company property for the remuneration and expenses, and ordered indemnity costs of the application payable from company assets.
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