Corporations Act 2001
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.
[ CCH Note: Cl 20-30(1) will be amended by No 69 of 2020, s 3, Sch 1, by inserting " or the Registrar " at the end of the note (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
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) .
[ CCH Note: Cl 20-30(2) will be substituted by No 69 of 2020, s 3, Sch 1 (effective 22 June 2022 or a day or days to be fixed by Proclamation). Cl 20-30(2) will read:
ASIC registers the applicant by notifying the Registrar that the applicant should be registered as a liquidator.]
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.