Corporations Act 2001
View history note
Hide history noteUndertakings under the old Act
1557(1)
If:
(a) an old Act registrant was required to give an undertaking under paragraph 1292(9)(b) or (c) of the old Act; and
(b) that requirement is still in force immediately before the commencement day;
it is a condition of the old Act registrant ' s registration under the Insolvency Practice Schedule (Corporations) that he or she gives and complies with the undertaking.
1557(2)
A condition imposed under subsection (1) is a current condition imposed on the old Act registrant.
Varying etc. conditions of registration
1557(3)
Subdivision C of Division 20 of the Insolvency Practice Schedule (Corporations) applies to a condition imposed under subsection (1) in the same way as it applies to a condition imposed by a committee under the Insolvency Practice Schedule (Corporations).
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