107Period of old Act registrant’s registration under the Insolvency Practice Schedule (Bankruptcy)

107  Period of old Act registrant’s registration under the Insolvency Practice Schedule (Bankruptcy) (1) The registration of an old Act registrant under the Insolvency Practice Schedule (Bankruptcy) is for a period ending 3 years after the old Act registration day for that person. (2) The old Act registration day in relation to a person who was registered as a trustee immediately before the commencement day is the day on which:  (a) that registration began; or  (b) the most recent extension of that registration began; whichever is the later. (3) To avoid doubt, the registration of an old Act registrant under the Insolvency Practice Schedule (Bankruptcy) may be renewed in accordance with that Schedule.