Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

PART 1 - INTRODUCTION  

Division 5 - Definitions  

Subdivision C - Other definitions  

SECTION 5-10   MEANING OF CURRENT CONDITIONS  

5-10(1)    
Each of the following is a current condition imposed on a registered liquidator:

(a) a condition that a committee decides that the registered liquidator is to be subject to under subsection 20-20(5) or (6) , subject to any variation that a committee has decided should be made to the condition under section 20-55 ;

(b) a condition imposed on all registered liquidators, or on registered liquidators of the liquidator ' s class, under section 20-35 ;

(c) a condition imposed under subsection 40-15(2) (direction not to accept further appointments);

(d) a condition that a committee decides that the registered liquidator is to be subject to under paragraph 40-55(1)(f) or (g) (conditions as a result of disciplinary action), subject to any variation that a committee has decided should be made to the condition under section 20-55 ;

(e) a condition imposed on the registered liquidator by the Court under section 45-1 .

5-10(2)    
However, the current conditions imposed on a registered liquidator do not include:

(a) a condition that a committee has decided to remove under section 20-55 ; or

(b) a condition that is removed under subsection 40-15(4) (condition removed because a direction not to accept further appointments has been withdrawn); or

(c) a condition that the Court has ordered be removed under section 45-1 .