Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (69 of 2020)

Schedule 1   Amendments relating to the Registrar

Part 2   Other amendments

Corporations Act 2001

875   Subsections 601CC(7) to (9)

Repeal the subsections, substitute:

(7) If the Registrar is satisfied that a body's registration was cancelled as a result of an error on the Registrar's part, the Registrar may reinstate the body's registration. On reinstatement, the body is taken never to have ceased to be registered under this Division.

(8) A person who is aggrieved by the cancellation of a body's registration may, within 15 years after the cancellation, apply to the Court for the registration to be reinstated.

(9) If, on an application under subsection (8), the Court is satisfied that:

(a) at the time of the cancellation, the body was carrying on business interstate; or

(b) it is otherwise just for the body's registration to be reinstated;

the Court may, by order:

(c) direct the body's registration to be reinstated; and

(d) give such directions, and make such provisions, as it thinks just for placing the body and all other persons in the same position, as nearly as practicable, as if the body's registration had never been cancelled.