THE CORPORATIONS LAW

CHAPTER 9 - MISCELLANEOUS

PART 9.2 - REGISTRATION OF AUDITORS AND LIQUIDATORS

Division 3 - Cancellation or Suspension of Registration

SECTION 1297   TIME WHEN BOARD'S DECISION COMES INTO EFFECT  

1297(1)  [Decision to cancel or suspend registration]  

Subject to subsection (2) and to sections 41 and 44A of the Administrative Appeals Tribunal Act 1975, an order made by the Board cancelling or suspending the registration of a person as an auditor, as a liquidator or as a liquidator of a specified body corporate comes into effect at the end of the day on which there is given to the person a notice of the decision pursuant to which the order is made, being a notice of the kind referred to in paragraph 1296(1)(a).

1297(2)  [Postponement of order]  

Where the Board makes an order of a kind referred to in subsection (1), it may, in order to enable an application to be made to the Tribunal for review of the decision to make the order, determine that the order is not to come into effect until a specified time or until the happening of a specified event.

1297(3)  [Board may vary or revoke postponement]  

The Board may at any time vary or revoke a determination made under subsection (2), including such a determination that has been varied at least once before.

1297(4)  [Effect of determination under sec 1297(2)]  

A determination in force under subsection (2) has effect accordingly.