Document ID: chunk:federal_register_of_legislation:C2010C00306:clause:3_60
Version: federal_register_of_legislation:C2010C00306
Segment Type: clause
Provision Reference: sch 3 cl 60
Character Range: 105080–105831

60  Replacement of agent prescribed bodies corporate

  The regulations may make provision for:
 (a) the replacement of an agent prescribed body corporate (the original PBC) with another prescribed body corporate (the replacement PBC) to perform the functions mentioned in subsection 57(3) where:
 (i) the common law holders wish the replacement to occur; or
 (ii) a liquidator is appointed for the original PBC; and
 (b) the determination by the Federal Court of the replacement PBC; and
 (c) any matter in relation to the transition from the original PBC to the replacement PBC, including the determination of that matter by the Federal Court; and
 (d) any other matters in relation to the replacement of the original PBC with the replacement PBC.