Corporations Act 2001
Note: See section 600K .PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS Division 20 - Registering liquidators Subdivision D - Renewal CLAUSE 20-75 RENEWAL Renewal of registration 20-75(1)
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. 20-75(2)
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) .
[ CCH Note: Cl 20-75(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 20-75(2) will read:
ASIC renews the registration of the applicant by notifying the Registrar that the applicant ' s registration should be renewed.]
The renewed registration is subject to the current conditions imposed on the registered liquidator. Certificate of registration 20-75(4)
After renewing the registration of a person as a liquidator, ASIC must give the person a certificate of registration. 20-75(5)
The certificate may be given electronically. Period of registration 20-75(6)
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.