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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 40 - Disciplinary and other action  

Subdivision E - Disciplinary action by committee  

CLAUSE 40-50  

40-50  ASIC MAY REFER MATTERS TO THE COMMITTEE  

 View history reference
ASIC may refer a registered liquidator to a committee convened under section 40-45 if ASIC:


(a) gives the liquidator a notice under section 40-40 (a show-cause notice); and


(b) either:


(i) does not receive an explanation within 20 business days after the notice is given; or

(ii) is not satisfied by the explanation.

 



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