Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p17
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 42240–44946

is satisfied on an application by the Commission for a person who is registered as an auditor to be dealt with under this section—
     (a) that the person—
          (i) is subject to a section 227 prohibition, a section 227a order or a section 562 order;
          (ii) is incapable, by reason of mental infirmity, of managing his affairs;
          (iii) has failed to comply with the provisions of section 26; or
          (iv) has ceased to be resident in Australia; or
     (b) that the person has failed, whether within or outside the Territory, to carry out or perform adequately and properly—
          (i) the duties of an auditor; or
          (ii) any duties or functions required by any law to be carried out or performed by a registered company auditor,
     or is otherwise not a fit and proper person to remain registered as an auditor,
by order, cancel, or suspend for a specified period, the registration of the person as an auditor.
"(2) The Board may, if it is satisfied on an application by the Commission for a person who is registered as a liquidator to be dealt with under this section—
     (a) that the person—
          (i) is subject to a section 227 prohibition, a section 227a order or a section 562 order;
          (ii) is incapable, by reason of mental infirmity, of managing his affairs;
          (iii) has failed to comply with the provisions of section 26; or
          (iv) has ceased to be resident in Australia; or
     (b) that the person has failed, whether within or outside the Territory, to carry out or perform adequately and properly—
          (i) the duties of a liquidator; or
          (ii) any duties or functions required by any law to be carried out or performed by a registered liquidator,
     or is otherwise not a fit and proper person to remain registered as a liquidator,
by order, cancel, or suspend for a specified period, the registration of the person as a liquidator.

"(3) The Board may, if it is satisfied on an application by the Commission for a person who is registered as a liquidator of a specified corporation to be dealt with under this section—
     (a) that the person—
          (i) is subject to a section 227 prohibition, a section 227a order or a section 562 order;
          (ii) is incapable, by reason of mental infirmity, of managing his affairs;
          (iii) has failed to comply with a requirement made of him under sub-section 26 (5); or
          (iv) has ceased to be resident in Australia; or
     (b) that the person has failed, whether within or outside the Territory, to carry out adequately and properly the duties of a liquidator in respect of the winding up of that corporation or is otherwise not a fit and