CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 40 - Disciplinary and other action  

Subdivision C - Automatic cancellation  

CLAUSE 40-20   AUTOMATIC CANCELLATION  

40-20(1)  
The registration of a person as a liquidator is cancelled if:


(a) the person becomes an insolvent under administration; or


(b) the person dies.

40-20(2)  
The cancellation takes effect on the day the event mentioned in subsection (1) happens.


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