Document ID: chunk:federal_register_of_legislation:C2025C00185:schedule:2:p4
Version: federal_register_of_legislation:C2025C00185
Segment Type: schedule
Provision Reference: sch 2 (pt 4/73)
Character Range: 6319886–6322678

subsection 20‑20(5) or (6), subject to any variation that a committee has decided should be made to the condition under section 20‑55;
 (b) a condition imposed on all registered liquidators, or on registered liquidators of the liquidator's class, under section 20‑35;
 (c) a condition imposed under subsection 40‑15(2) (direction not to accept further appointments);
 (d) a condition that a committee decides that the registered liquidator is to be subject to under paragraph 40‑55(1)(f) or (g) (conditions as a result of disciplinary action), subject to any variation that a committee has decided should be made to the condition under section 20‑55;
 (e) a condition imposed on the registered liquidator by the Court under section 45‑1.
 (2) However, the current conditions imposed on a registered liquidator do not include:
 (a) a condition that a committee has decided to remove under section 20‑55; or
 (b) a condition that is removed under subsection 40‑15(4) (condition removed because a direction not to accept further appointments has been withdrawn); or
 (c) a condition that the Court has ordered be removed under section 45‑1.

5‑15  Meaning of external administration of a company
  A company is taken to be under external administration if:
 (a) the company is under administration; or
 (b) a deed of company arrangement has been entered into in relation to the company; or
 (ba) the company is under restructuring; or
 (bb) a restructuring plan has been made in relation to the company; or
 (c) a liquidator has been appointed in relation to the company; or
 (d) a provisional liquidator has been appointed in relation to the company.
Note: A company is not under external administration for the purposes of this Schedule merely because a receiver, receiver and manager, or other controller has been appointed in relation to property of the company.

5‑20  Meaning of external administrator of a company
  A person is an external administrator of a company if the person is:
 (a) the administrator of the company; or
 (b) the administrator under a deed of company arrangement that has been entered into in relation to the company; or
 (ba) the restructuring practitioner for the company; or
 (bb) the restructuring practitioner for a restructuring plan that has been made in relation to the company; or
 (c) the liquidator of the company; or
 (d) the provisional liquidator of the company.
Note: A person is not an external administrator of a company for the purposes of this Schedule merely because the person has been appointed as a receiver, receiver and manager, or controller in relation to property of the company.

5‑25  References to the external administrator of a company
  A reference in this Schedule to the external administrator of a company is to be read:
 (a) in