Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 20 - Registering liquidators  

Subdivision D - Renewal  

CLAUSE 20-75   RENEWAL  
Renewal of registration

20-75(1)    
On application under section 20-70 , ASIC must renew the registration of the applicant as a liquidator if:

(a) the application is properly made; and

(b) the applicant has produced evidence in writing to ASIC that the applicant maintains:

(i) adequate and appropriate professional indemnity insurance; and

(ii) adequate and appropriate fidelity insurance;

against the liabilities that the applicant may incur working as a registered liquidator; and

(c) the applicant has complied with any condition dealing with continuing professional education to which the applicant is subject during the applicant ' s current registration.

20-75(2)    
ASIC renews the registration of the applicant by entering, or maintaining, on the Register of Liquidators the details relating to the applicant prescribed for the purposes of subsection 15-1(3) .

Registration subject to current conditions

20-75(3)    
The renewed registration is subject to the current conditions imposed on the registered liquidator.

Certificate of registration

20-75(4)    
After renewing the registration of a person as a liquidator, ASIC must give the person a certificate of registration.

20-75(5)    
The certificate may be given electronically.

Period of registration

20-75(6)    
The renewed registration has effect for 3 years, beginning on the day after the person ' s immediately preceding registration as a liquidator ceased to have effect.