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CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)    View history reference

Note: See section 600K.

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 20 - Registering liquidators  

Subdivision B - Registration  

CLAUSE 20-30  REGISTRATION  

Registration as liquidator

20-30(1)  

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.

20-30(2)  

ASIC registers an applicant by entering on the Register of Liquidators the details relating to the applicant prescribed for the purposes of subsection 15-1(3).

Registration subject to current conditions

20-30(3)  

The registration is subject to the current conditions imposed on the registered liquidator.

Certificate of registration

20-30(4)  

After registering a person as a liquidator, ASIC must give the person a certificate of registration.

20-30(5)  

The certificate may be given electronically.

Period of registration

20-30(6)  

The registration has effect for 3 years.

 



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