CORPORATIONS ACT 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.25 - TRANSITIONAL PROVISIONS RELATING TO THE INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Division 2 - Application of Part 2 of the Insolvency Practice Schedule (Corporations) and related consequential amendments  

Subdivision A - Registering liquidators  

SECTION 1557   CURRENT CONDITIONS FOR OLD ACT REGISTRANTS - UNDERTAKINGS UNDER THE OLD ACT  

Undertakings under the old Act

1557(1)  
If:


(a) an old Act registrant was required to give an undertaking under paragraph 1292(9)(b) or (c) of the old Act; and


(b) that requirement is still in force immediately before the commencement day;

it is a condition of the old Act registrant ' s registration under the Insolvency Practice Schedule (Corporations) that he or she gives and complies with the undertaking.

1557(2)  
A condition imposed under subsection (1) is a current condition imposed on the old Act registrant. Varying etc. conditions of registration

1557(3)  
Subdivision C of Division 20 of the Insolvency Practice Schedule (Corporations) applies to a condition imposed under subsection (1) in the same way as it applies to a condition imposed by a committee under the Insolvency Practice Schedule (Corporations).


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.