CORPORATIONS ACT 2001
Note: See section 600K .PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS Division 40 - Disciplinary and other action Subdivision F - Lifting or shortening suspension CLAUSE 40-75 ASIC MAY CONVENE A COMMITTEE TO CONSIDER APPLICATIONS 40-75(1)
ASIC may convene a committee for the purposes of considering an application, or applications, made under section 40-70 . 40-75(2)
The committee must consist of:
(a) ASIC; and
(b) a registered liquidator chosen by a prescribed body; and
(c) a person appointed by the Minister.
Note 1: Section 50-5 sets out the knowledge and experience that a prescribed body must be satisfied a person has before making an appointment under paragraph (2)(b).
Note 2: Section 50-10 sets out the matters of which the Minister must be satisfied before making an appointment under paragraph (2)(c).