Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 20 - Registering liquidators  

Subdivision C - Varying etc. conditions of registration  

SECTION 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).

Note 2: Section 50-10 sets out the matters of which the Minister must be satisfied before making an appointment under paragraph (2)(c).



View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.