Document ID: chunk:federal_register_of_legislation:F2022C01140:body:0:p1
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Insolvency Practice Rules (Corporations) 2016
made under section 105‑1 of Schedule 2 to the

Corporations Act 2001

Compilation No. 07

Compilation date: 26 November 2022

Includes amendments up to: F2022L01520
About this compilation

This compilation

This is a compilation of the Insolvency Practice Rules (Corporations) 2016 that shows the text of the law as amended and in force on 26 November 2022 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents

     Part 1—Introduction 1
          Division 1—Introduction 1
             1‑1..................................................Name              1
             1‑10...............................................Authority              1
          Division 5—Definitions 2
             5‑5............................................The Dictionary              2
             5‑10...............................................What is a current registration?              3
             5‑15.............................................Meaning of material personal interest              3

     Part 2—Registering and disciplining practitioners 4
          Division 15—Register of Liquidators 4
             15‑1......................................Register of Liquidators              4
          Division 20—Registering liquidators 5
             20‑1Qualifications, experience, knowledge and abilities required by applicants for registration generally              5
             20‑2...................................Qualifications, experience, knowledge and abilities required by applicants for registration to practise only as a restructuring practitioner              6
             20‑5...........................Conditions on registration of liquidators              7
          Division 35—Notice requirements 9
             35‑1................Events of which a registered liquidator must notify ASIC              9
          Division 40—Disciplinary and other action 10
             40‑1......Industry bodies that may notify ASIC of grounds for disciplinary action              10
          Division 50—Part 2 committees 11
             50‑1...............................................Authority              11
             50‑5...................................................Part 2 committee may generally determine its own procedures              11
             50‑6..........................................Virtual meetings              11
             50‑7........................Electronic recording and keeping of minutes              12
             50‑10..........................ARITA may appoint a member