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  

CLAUSE 20-45   ASIC MAY CONVENE A COMMITTEE TO CONSIDER APPLICATIONS  

20-45(1)    
ASIC may convene a committee for the purposes of considering an application, or applications, made under section 20-40 .

20-45(2)    
The committee must consist of:

(a) ASIC; and

(b) a registered liquidator chosen by a prescribed body; and

(c) a person appointed by the Minister.

Note 1: Section 50-5 sets out the knowledge and experience that a prescribed body must be satisfied a person has before making an appointment under paragraph (2)(b).