Document ID: chunk:federal_register_of_legislation:C2025C00185:schedule:2:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: schedule
Provision Reference: sch 2 (pt 1/4)
Character Range: 6298880–6302277

Schedule 2—Insolvency Practice Schedule (Corporations)
Part 1—Introduction
Division 1—Introduction
1‑1 Object of this Schedule
1‑5 Simplified outline of this Schedule
Division 5—Definitions
Subdivision A—Introduction
5‑1 Simplified outline of this Division
Subdivision B—The Dictionary
5‑5 The Dictionary
Subdivision C—Other definitions
5‑10 Meaning of current conditions
5‑15 Meaning of external administration of a company
5‑20 Meaning of external administrator of a company
5‑25 References to the external administrator of a company
5‑26 Property of a company
5‑27 Meaning of pooled group
5‑30 Persons with a financial interest in the external administration of a company
Part 2—Registering and disciplining practitioners
Division 10—Introduction
10‑1 Simplified outline of this Part
10‑5 Working cooperatively with the Inspector‑General in Bankruptcy
Division 15—Register of liquidators
15‑1 Register of Liquidators
Division 20—Registering liquidators
Subdivision A—Introduction
20‑1 Simplified outline of this Division
              Subdivision B—Registration
20‑5 Application for registration
20‑10 ASIC may convene a committee to consider
20‑15 ASIC must refer applications to a committee
20‑20 Committee to consider applications
20‑25 Committee to report
20‑30 Registration
20‑35 Conditions imposed on all registered liquidators or a class of registered liquidators
Subdivision C—Varying etc. conditions of registration
20‑40 Application to vary etc. conditions of registration
20‑45 ASIC may convene a committee to consider applications
20‑50 ASIC must refer applications to a committee
20‑55 Committee to consider applications
20‑60 Committee to report
20‑65 Committee's decision given effect
Subdivision D—Renewal
20‑70 Application for renewal
20‑75 Renewal
Subdivision E—Offences relating to registration
20‑80 False representation that a person is a registered liquidator
Division 25—Insurance
25‑1 Registered liquidators to maintain insurance
Division 30—Annual liquidator returns
30‑1 Annual liquidator returns
Division 35—Notice requirements
35‑1 Notice of significant events
35‑5 Notice of other events
Division 40—Disciplinary and other action
Subdivision A—Introduction
40‑1 Simplified outline of this Division
Subdivision B—Direction to comply
40‑5 Registered liquidator to remedy failure to lodge documents or give information or documents
40‑10 Registered liquidator to correct inaccuracies etc.
40‑15 Direction not to accept further appointments
Subdivision C—Automatic cancellation
40‑20 Automatic cancellation
Subdivision D—ASIC may suspend or cancel registration
40‑25 ASIC may suspend registration
40‑30 ASIC may cancel registration
40‑35 Notice of suspension or cancellation
Subdivision E—Disciplinary action by committee
40‑40 ASIC may give a show‑cause notice
40‑45 ASIC may convene a committee
40‑50 ASIC may refer matters to the committee
40‑55 Decision of the committee
40‑60 Committee to report
40‑65 ASIC must give effect to the committee's decision
Subdivision F—Lifting or shortening suspension
40‑70 Application to lift or shorten suspension
40‑75 ASIC may convene a committee to consider applications
40‑80 ASIC must refer applications to a committee
40‑85 Committee to consider applications
40‑90 Committee to report
40‑95 Committee's decision given effect
Subdivision G—Action initiated by industry body
40‑100 Notice by industry bodies of possible grounds