Corporations Act 2001
SCHEDULE 2
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INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
If an application is referred to a committee, the committee must consider the application.
40-85(2)
Unless the applicant otherwise agrees, the committee must interview the applicant for the purposes of considering the application.
40-85(3)
Within 10 business days after interviewing the applicant or obtaining the agreement of the applicant as referred to in subsection (2), the committee must:
(a) decide whether the suspension should be lifted, or the period of the suspension shortened; and
(b) if the period of the suspension is to be shortened - specify when the suspension is to end.
Note: See section 600K .
PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS Division 40 - Disciplinary and other action Subdivision F - Lifting or shortening suspension SECTION 40-85 COMMITTEE TO CONSIDER APPLICATIONS 40-85(1)If an application is referred to a committee, the committee must consider the application.
40-85(2)
Unless the applicant otherwise agrees, the committee must interview the applicant for the purposes of considering the application.
40-85(3)
Within 10 business days after interviewing the applicant or obtaining the agreement of the applicant as referred to in subsection (2), the committee must:
(a) decide whether the suspension should be lifted, or the period of the suspension shortened; and
(b) if the period of the suspension is to be shortened - specify when the suspension is to end.
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