Document ID: chunk:federal_register_of_legislation:C2016A00011:clause:2_105
Version: federal_register_of_legislation:C2016A00011
Segment Type: clause
Provision Reference: sch 2 cl 105
Character Range: 175418–176406

105  Persons registered under the old Act continue to be registered under the Insolvency Practice Schedule (Bankruptcy)

Person registered under the old Act immediately before the commencement day
(1) If a person is registered as a trustee immediately before the commencement day, on the commencement day the person is taken to be registered as a trustee under Subdivision B of Division 20 of the Insolvency Practice Schedule (Bankruptcy).
(2) Despite subitem (1), a person mentioned in that subitem is not taken to be registered as a trustee under Subdivision B of Division 20 of the Insolvency Practice Schedule (Bankruptcy) on the commencement day if, at the beginning of that day:
 (a) the person is an insolvent under administration; or
 (b) the person is dead.

Meaning of old Act registrant
(3) A person who is taken to be registered under Subdivision B of Division 20 of the Insolvency Practice Schedule (Bankruptcy) because of this item is referred to as an old Act registrant.