CORPORATIONS ACT 2001
|PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS
|Division 20 - Registering liquidators
Renewal of registration
On application under section 20-70, ASIC must renew the registration of the applicant as a liquidator if:
(a) the application is properly made; and
(b) the applicant has produced evidence in writing to ASIC that the applicant maintains:
(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; and
(c) the applicant has complied with any condition dealing with continuing professional education to which the applicant is subject during the applicant's current registration.
ASIC renews the registration of the applicant by entering, or maintaining, 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
The renewed registration is subject to the current conditions imposed on the registered liquidator.
Certificate of registration
After renewing the registration of a person as a liquidator, ASIC must give the person a certificate of registration.
The certificate may be given electronically.
Period of registration
The renewed registration has effect for 3 years, beginning on the day after the person's immediately preceding registration as a liquidator ceased to have effect.