Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 20 - Registering liquidators  

Subdivision C - Varying etc. conditions of registration  

SECTION 20-40   APPLICATION TO VARY ETC. CONDITIONS OF REGISTRATION  

20-40(1)    
If a committee has decided under this Schedule that a person ' s registration as a liquidator is to be subject to a condition, the person may apply to ASIC for the condition to be varied or removed.

20-40(2)    
However, an application cannot be made:

(a) if the person ' s registration as a liquidator is suspended; or

(b) if the condition is of a prescribed kind; or

(c) in prescribed circumstances.

20-40(3)    
The application must be lodged with ASIC in the approved form.

20-40(4)    
The application is properly made if:

(a) an application can be made; and

(b) subsection (3) is complied with.

20-40(5)    
A single application by a registered liquidator may deal with more than one condition.