Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 40 - Disciplinary and other action  

Subdivision E - Disciplinary action by committee  

SECTION 40-60  

40-60   COMMITTEE TO REPORT  

The committee must give the registered liquidator and ASIC a report setting out:

(a) the committee ' s decision in relation to the liquidator; and

(b) the committee ' s reasons for that decision; and

(c) if the committee decides under paragraph 40-55(1)(f) that the liquidator should be registered subject to a condition:

(i) the condition; and

(ii) the committee ' s reasons for imposing the condition; and

(d) if the committee decides under paragraph 40-55(1)(g) that a condition should be imposed on all other registered liquidators in relation to the liquidator:

(i) the condition; and

(ii) the committee ' s reasons for imposing the condition.