CTHIn ForceAct
Insolvency Law Reform Act 2016
1564Decision to cancel registration made before the commencement day
Start here
Get a plain-English read of 1564
Turn the raw legal text into a practical explanation grounded in Insolvency Law Reform Act 2016.
1564 Decision to cancel registration made before the commencement day
(a) before the commencement day, a decision is made by ASIC under section 1290A of the old Act to cancel the registration of a person as a liquidator, or as a liquidator of a specified body corporate; and
(b) the decision has not come into effect before the commencement day.
(2) On the commencement day, ASIC is taken to have made a decision under section 40‑30 of the Insolvency Practice Schedule (Corporations) to cancel the registration of the person as a liquidator.
(3) Section 40‑35 of the Insolvency Practice Schedule (Corporations) applies in relation to the decision as if the decision were made on the commencement day.
Subdivision E—Disciplinary proceedings before the Board