Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:4_3
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 4 cl 3
Character Range: 140253–141012

3  Subsections 436B(2) and (3)
Repeal the subsections, substitute:

 (2) A liquidator or provisional liquidator of a company must not appoint any of the following persons under subsection (1):
 (a) himself or herself;
 (b) if he or she is a partner of a partnership—a partner or employee of the partnership;
 (c) if he or she is an employee—his or her employer;
 (d) if he or she is an employer—his or her employee;
 (e) if he or she is a director, secretary, employee or senior manager of a corporation—a director, secretary, employee or senior manager of the corporation;
unless:
 (f) at a meeting of the company's creditors, the company's creditors pass a resolution approving the appointment; or
 (g) the appointment is made with the leave of the Court.