CORPORATIONS ACT 2001
Note: See section
REGISTERING AND DISCIPLINING PRACTITIONERS
CLAUSE 20-30 REGISTRATION
Registration as liquidator
ASIC must register the applicant as a liquidator if:
(a) the committee has decided that the applicant should be registered; and
(b) the applicant has produced evidence in writing to ASIC that the applicant has taken out:
(i) adequate and appropriate professional indemnity insurance; and
(ii) adequate and appropriate fidelity insurance;
against the liabilities that the applicant may incur working as a registered liquidator.
Note: Fees may be imposed under the
Corporations (Fees) Act 2001
for the doing of an act by ASIC.
ASIC registers an applicant by entering on the Register of Liquidators the details relating to the applicant prescribed for the purposes of subsection
Registration subject to current conditions
The registration is subject to the current conditions imposed on the registered liquidator.
Certificate of registration
After registering a person as a liquidator, ASIC must give the person a certificate of registration.
The certificate may be given electronically.
Period of registration
The registration has effect for 3 years.