Corporations Act 2001
SCHEDULE 2
-
INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
If a committee has decided under this Schedule that a person ' s registration as a liquidator is to be subject to a condition, the person may apply to ASIC for the condition to be varied or removed.
20-40(2)
However, an application cannot be made:
(a) if the person ' s registration as a liquidator is suspended; or
(b) if the condition is of a prescribed kind; or
(c) in prescribed circumstances.
20-40(3)
The application must be lodged with ASIC in the approved form.
20-40(4)
The application is properly made if:
(a) an application can be made; and
(b) subsection (3) is complied with.
20-40(5)
A single application by a registered liquidator may deal with more than one condition.
Note: See section 600K .
PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS Division 20 - Registering liquidators Subdivision C - Varying etc. conditions of registration SECTION 20-40 APPLICATION TO VARY ETC. CONDITIONS OF REGISTRATION 20-40(1)If a committee has decided under this Schedule that a person ' s registration as a liquidator is to be subject to a condition, the person may apply to ASIC for the condition to be varied or removed.
20-40(2)
However, an application cannot be made:
(a) if the person ' s registration as a liquidator is suspended; or
(b) if the condition is of a prescribed kind; or
(c) in prescribed circumstances.
20-40(3)
The application must be lodged with ASIC in the approved form.
20-40(4)
The application is properly made if:
(a) an application can be made; and
(b) subsection (3) is complied with.
20-40(5)
A single application by a registered liquidator may deal with more than one condition.