Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 40 - Disciplinary and other action  

Subdivision C - Automatic cancellation  

SECTION 40-20   AUTOMATIC CANCELLATION  

40-20(1)    
The registration of a person as a liquidator is cancelled if:

(a) the person becomes an insolvent under administration; or

(b) the person dies.

40-20(2)    
The cancellation takes effect on the day the event mentioned in subsection (1) happens.