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 F - Lifting or shortening suspension  

CLAUSE 40-85   COMMITTEE TO CONSIDER APPLICATIONS  

40-85(1)  
If an application is referred to a committee, the committee must consider the application.

40-85(2)  
Unless the applicant otherwise agrees, the committee must interview the applicant for the purposes of considering the application.

40-85(3)  
Within 10 business days after interviewing the applicant or obtaining the agreement of the applicant as referred to in subsection (2), the committee must:


(a) decide whether the suspension should be lifted, or the period of the suspension shortened; and


(b) if the period of the suspension is to be shortened - specify when the suspension is to end.


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