Document ID: chunk:federal_register_of_legislation:F2022C01140:body:0:p7
Version: federal_register_of_legislation:F2022C01140
Segment Type: other
Provision Reference: 
Character Range: 23747–26856

Bankruptcy Act 1966;
           (c) if the applicant wishes to be registered to practise as an external administrator of companies, receiver and receiver and manager—the applicant has, during the 5 years immediately preceding the day on which the application is made, been engaged in at least 4,000 hours of relevant employment at senior level;
           (d) if the applicant wishes to be registered to practise only as a receiver, and receiver and manager—the applicant has, during the 5 years immediately preceding the day on which the application is made, been engaged in at least 4,000 hours of relevant employment at senior level;
           (e) the applicant has demonstrated the capacity to perform satisfactorily the functions and duties of a registered liquidator;
           (f) the applicant is able to satisfy any conditions to be imposed under the Insolvency Practice Schedule (Corporations) if the applicant is registered as a liquidator.
 (3) For the purposes of paragraph (2)(c), relevant employment must include:
 (a) employment that involves any of the following:
 (i) assisting a registered liquidator in the performance of the registered liquidator's duties as external administrator of companies, receiver or receiver and manager;
 (ii) providing advice in relation to the external administration of companies, receivership or receivership and management;
 (iii) providing advice in relation to Subdivision C of Division 3 of Part 5.7B of the Act;
 (iv) providing advice in relation to the restructuring of company debt outside the external administration of companies, receivership or receivership and management; and
 (b) employment that provides direct or indirect exposure to processes (including bankruptcy) under the Bankruptcy Act 1966; and
 (c) any other employment that the committee considers relevant.
 (4) For the purposes of paragraph (2)(d), relevant employment must include:
 (a) employment that involves any of the following:
 (i) assisting a registered liquidator in the performance of the registered liquidator's duties as receiver and receiver and manager;
 (ii) providing advice in relation to receivership or receivership and management;
 (iii) providing advice in relation to Subdivision C of Division 3 of Part 5.7B of the Act;
 (iv) providing advice in relation to the restructuring of company debt outside the external administration of companies, receivership or receivership and management; and
 (b) employment that provides direct or indirect exposure to the external administration of companies and processes (including bankruptcy) under the Bankruptcy Act 1966; and
 (c) any other employment that the committee considers relevant.

20‑2  Qualifications, experience, knowledge and abilities required by applicants for registration to practise only as a restructuring practitioner
 (1) This section:
 (a) is made for the purposes of paragraph 20‑20(4)(a) of the Insolvency Practice Schedule (Corporations); and
 (b) applies in relation to an application (a restructuring practitioner application) for registration as a liquidator if the applicant wishes to be