THE CORPORATIONS LAW
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 5.6 - WINDING UP GENERALLY
Division 3 - Liquidators
SECTION 532 DISQUALIFICATION OF LIQUIDATOR 532(1A) [``liquidator''] In this section: ``liquidator'' includes a provisional liquidator.(i) the person is an officer of the company (otherwise than by reason of being a liquidator of the company or of a related body corporate);
(ii) the person is an officer of any body corporate that is a mortgagee of property of the company;
(iii) the person is an auditor of the company;
(iv) the person is a partner or employee of an auditor of the company;
(v) the person is a partner, employer or employee of an officer of the company; or
(vi) the person is a partner or employee of an employee of an officer of the company.
(i) an Australian ADI; or
(ii) a body corporate registered under the Life Insurance Act 1995; and(b) the debt arose because of a loan that the body corporate or entity made to the person in the ordinary course of its ordinary business; and (c) the person used the amount of the loan to pay the whole or part of the purchase price of premises that the person uses as their principal place of residence.
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