sec.186Vacancy in office of liquidator on voluntary winding-up

sec.186 Vacancy in office of liquidator on voluntary winding-up

This section applies if— a society is being wound-up voluntarily; and a vacancy happens in the office of liquidator that, in the registrar’s opinion, is unlikely to be filled in the way provided by the applied voluntary winding up provisions. The registrar may appoint as liquidator a person qualified for the appointment under the applied voluntary winding up provisions. In this section— applied voluntary winding up provisions means the provisions of the Corporations Act , part 5.5 , as applied under part 6 , division 5 . s 186 amd 1999 No. 27 s 76 sch 1 pt 2 ; 2001 No. 45 s 29 sch 3 (sec.186-ssec.1) This section applies if— a society is being wound-up voluntarily; and a vacancy happens in the office of liquidator that, in the registrar’s opinion, is unlikely to be filled in the way provided by the applied voluntary winding up provisions. (sec.186-ssec.2) The registrar may appoint as liquidator a person qualified for the appointment under the applied voluntary winding up provisions. (sec.186-ssec.3) In this section— applied voluntary winding up provisions means the provisions of the Corporations Act , part 5.5 , as applied under part 6 , division 5 .

• (a) a society is being wound-up voluntarily; and
• (b) a vacancy happens in the office of liquidator that, in the registrar’s opinion, is unlikely to be filled in the way provided by the applied voluntary winding up provisions.