CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 50 - Committees under this Part  

CLAUSE 50-5   PRESCRIBED BODY APPOINTING A PERSON TO A COMMITTEE  

Application of this section

50-5(1)  
This section applies if a prescribed body is to appoint a person to a committee under this Part. Prescribed body must only appoint a person with appropriate knowledge and experience

50-5(2)  
The prescribed body is to appoint a person as a member of the committee only if the prescribed body is satisfied that the person has:


(a) if any knowledge or experience is prescribed in relation to appointments of the kind to be made - that knowledge or experience; or


(b) if no knowledge or experience is prescribed in relation to appointments of the kind to be made - the knowledge and experience necessary to carry out the person ' s functions as a member of the committee if appointed.


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