THE CORPORATIONS LAW

CHAPTER 9 - MISCELLANEOUS

PART 9.2 - REGISTRATION OF AUDITORS AND LIQUIDATORS

Division 3 - Cancellation or Suspension of Registration

SECTION 1293   EFFECT IN CERTAIN CASES OF CANCELLATION OR SUSPENSION OF REGISTRATION UNDER CORRESPONDING PREVIOUS LAW  

1293(1)  [Application of section]  

This section applies where a registration (in this section called the ``corresponding registration'' ) of a person under a previous law corresponding to Division 2:

(a)  is cancelled after the commencement of this section; or

(b)  was suspended before, or is suspended at or after, that commencement;

on an application made before that commencement.

1293(2)  [Auditors]  

If the corresponding registration is as an auditor, the person's registration under Division 2 as an auditor:

(a)  is taken to be cancelled; or

(b)  is taken to be suspended while the corresponding registration is suspended;

as the case may be.

1293(3)  [Liquidators]  

If the corresponding registration is as a liquidator, or as a liquidator of a specified body corporate:

(a)  the person's registration under Division 2 as a liquidator; and

(b)  each registration (if any) of the person under Division 2 as a liquidator of a specified body corporate;

are taken to be cancelled, or to be suspended while the corresponding registration is suspended, as the case may be.

1293(4)  [Official liquidators]  

If the corresponding registration is as an official liquidator, the person's registration under Division 2 as an official liquidator is taken to be cancelled, or to be suspended while the corresponding registration is suspended, as the case may be.

1293(5)  [Application and effect]  

Nothing in this section prevents a person whose corresponding registration was suspended before or at the commencement of this section being taken to be registered under this Division as provided by section 1278, but nothing in that section affects the operation of this section in relation to that suspension.