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 E - Disciplinary action by committee  

CLAUSE 40-50   40-50   ASIC MAY REFER MATTERS TO THE COMMITTEE  


ASIC may refer a registered liquidator to a committee convened under section 40-45 if ASIC:


(a) gives the liquidator a notice under section 40-40 (a show-cause notice); and


(b) either:


(i) does not receive an explanation within 20 business days after the notice is given; or

(ii) is not satisfied by the explanation.

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.