THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 9 - MISCELLANEOUS
PART 9.2 - REGISTRATION OF AUDITORS AND LIQUIDATORS
Division 3 - Cancellation or Suspension of Registration
SECTION 1291 OFFICIAL LIQUIDATORS 1291(1) [Commission's power to cancel or suspend] The Commission may, at any time, cancel, or suspend for a specified period, the registration as an official liquidator of a person who is so registered. 1291(2) [Power to require undertakings] The Commission may, at any time, require a person registered as an official liquidator to give an undertaking to refrain from engaging in specified conduct except on specified conditions. 1291(3) [Notice of decision] Where the Commission decides to exercise a power under subsection (1) or (2), the Commission shall, not later than 14 days after the decision, give to the person a notice in writing setting out the decision and the reasons for it, but the validity of the decision is not affected by failure of the Commission to do so. 1291(4) [When decision takes effect] A decision of the Commission under subsection (1) to cancel or suspend the registration of a person as an official liquidator comes into effect at the end of the day on which there is given to the person a notice of the decision, being a notice of the kind referred to in subsection (3).This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.