Document ID: chunk:federal_register_of_legislation:F2022C01140:body:0:p6
Version: federal_register_of_legislation:F2022C01140
Segment Type: other
Provision Reference: 
Character Range: 20904–24014

Liquidators

        (1) This section is made for the purposes of subsection 15‑1(3) of the Insolvency Practice Schedule (Corporations).

        (2) The Register of Liquidators must include each of the following for each person who is registered as a liquidator:
           (a) the name of the person;
           (b) the date on which the person's current registration as a liquidator first began;
           (c) the address of the principal place where the person practises as a registered liquidator;
           (d) the address of each other place where the person practises as a registered liquidator;
           (e) if the person practises as a registered liquidator as a member of a firm or under a name or style other than the person's own name—the name of that firm or the name or style under which the person practises;
           (f) particulars of any disciplinary action taken against the person (other than a direction given under section 40‑5 of the Insolvency Practice Schedule (Corporations));
           (g) a summary of the current conditions imposed on the person as a registered liquidator.

        (3) ASIC may include other information on the Register of Liquidators if it is relevant to:
           (a) the registration of a person as a liquidator; or
           (b) a person's practice as a liquidator.

        (4) ASIC must make the information included on the Register of Liquidators under subsection (2) publicly available.

        (5) ASIC may make the information included on the Register of Liquidators under subsection (3) publicly available.

       Division 20—Registering liquidators

       20‑1  Qualifications, experience, knowledge and abilities required by applicants for registration generally
 (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 for registration as a liquidator, other than an application to which section 20‑2 of these Rules applies.

        (2) A committee to which an application for registration as a liquidator to which this section applies is referred under section 20‑15 of the Insolvency Practice Schedule (Corporations) must be satisfied that the applicant has each of the following qualifications, experience, knowledge and abilities:
           (a) the applicant has completed the academic requirements for the award of a tertiary qualification that includes at least 3 years of full‑time study (or its equivalent) in commercial law and accounting;
           (b) the applicant has completed the academic requirements for at least 2 course units accredited under the Australian Qualifications Framework Level 8 (or equivalent study) in the practice of external administrators of companies, receivers, receivers and managers, and trustees under the 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,