Document ID: chunk:federal_register_of_legislation:F2022C01140:body:0:p15
Version: federal_register_of_legislation:F2022C01140
Segment Type: other
Provision Reference: 
Character Range: 44694–47664

applicants

        (1) This section applies if a Part 2 committee is required to interview an applicant under one of the following provisions of the Insolvency Practice Schedule (Corporations):
           (a) paragraph 20‑20(2)(a) (application for registration as a liquidator);
           (b) subsection 20‑55(2) (application to vary etc. conditions of registration);
           (c) subsection 40‑85(2) (application to lift or shorten a suspension).

        (2) The Chair of the committee must, after consultation with the other members of the committee:
           (a) fix a date and time for the interview; and
 (b) fix the manner of the interview; and
 (c) give written notice of the following to the applicant and the other members of the committee:
 (i) if there is only one location at which the applicant and the members may physically attend the interview—the date, time and place for the interview;
 (ii) if there are 2 or more locations at which the applicant and the members may physically attend the interview—the date and time for the interview at each location, and the main location for the interview;
 (iii) if virtual meeting technology is to be used in holding the interview—sufficient information to allow the applicant and the members to participate in the interview by means of the technology.
 (3) A Part 2 committee must interview the applicant as soon as practicable and, for that purpose:
 (a) any member of the committee may participate in the interview by means of virtual meeting technology; and
 (b) the applicant may participate in the interview by means of virtual meeting technology.

        (4) At an interview, the committee may ask the applicant any question that the committee reasonably believes to be related to:
           (a) the application; or
           (b) a reference accompanying the application; or
           (c) any matter that is relevant to the committee's decision in relation to the application.

       50‑85  Interviewing liquidators—proposed cancellation of registration

        (1) This section applies if:
           (a) a Part 2 committee is convened under subsection 40‑45(1) of the Insolvency Practice Schedule (Corporations); and
           (b) the committee is proposing to decide, under paragraph 40‑55(1)(c) of the Schedule, that the liquidator's registration should be cancelled.

        (2) The Chair of the Part 2 committee must, after consultation with the other members of the committee:
           (a) fix a date and time to interview the liquidator; and
 (b) fix the manner of the interview; and
 (c) give written notice of the following to the liquidator and the other members of the committee:
 (i) if there is only one location at which the liquidator and the members may physically attend the interview—the date, time and place for the interview;
 (ii) if there are 2 or more locations at which the liquidator and the members may physically attend the interview—the date and time for the