163Section 498

163  Section 498 164  Subsections 499(3) to (7) Repeal the subsections, substitute:  (3) If a liquidator, other than a liquidator appointed by, or by the direction of, the Court resigns:  (a) the Court; or  (b) ASIC; or  (c) the creditors; may fill the vacancy by the appointment of a liquidator. Note: If the registration of a liquidator is suspended or cancelled, ASIC must fill the vacancy: see section 40‑111 of Schedule 2.  (4) If ASIC fills a vacancy in the office of a liquidator under subsection (3), ASIC must:  (a) publish notice of the filling of the vacancy; and  (b) publish the notice in the prescribed manner.  (5) If ASIC or the Court fills a vacancy in the office of a liquidator under subsection (3), the liquidator is taken, for the purposes of this Act, to be appointed by the creditors. 165  Sections 502 to 505 166  Paragraphs 506(1)(e) and (f) Repeal the paragraphs, substitute:  (e) exercise the power of the Court of fixing a time within which debts and claims must be proved. 167  Section 506A