Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p3
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 3/71)
Character Range: 226789–229711

2 of this Schedule.
Register of Liquidators means the register established and maintained by ASIC under section 15‑1.
related entity, in relation to an individual, has the same meaning as in the Bankruptcy Act 1966.
remuneration determination, for an external administrator of a company, means a determination made in accordance with section 60‑10 in relation to the external administrator.
resolution: a resolution is passed by creditors or contributories of a company:
 (a) in a meeting—in the circumstances prescribed under paragraph 75‑50(2)(k); or
 (b) without a meeting—in the circumstances prescribed under paragraph 75‑40(5)(b).
reviewing liquidator means a registered liquidator who has been appointed under section 90‑23 or 90‑24 to conduct a review.
special resolution: a special resolution is passed by creditors or contributories of a company:
 (a) in a meeting—in the circumstances prescribed under paragraph 75‑50(2)(k); or
 (b) without a meeting—in the circumstances prescribed under paragraph 75‑40(5)(b).
start of an external administration of a company means:
 (a) in relation to a company under administration—the day an administrator of the company is appointed under section 436A, 436B or 436C; and
 (b) in relation to a company that is subject to a deed of company arrangement—the day the deed is executed; and
 (c) in the case of a winding up of a company—the day the winding up of the company is taken to have begun under section 513A or 513B; and
 (d) in relation to a company for which a provisional liquidator has been appointed—the day the provisional liquidator is appointed.
this Schedule includes the Insolvency Practice Rules.

Subdivision C—Other definitions

5‑10  Meaning of current conditions
 (1) Each of the following is a current condition imposed on a registered liquidator:
 (a) a condition that a committee decides that the registered liquidator is to be subject to under 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