Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1563

  (1)   This section applies if:

  (a)   before the commencement day, a person requests ASIC under section   1290 of the old Act to cancel the person's registration as a liquidator or as a liquidator of a specified body corporate; and

  (b)   no decision by ASIC to cancel that registration has come into effect before the commencement day.

  (2)   ASIC may not cancel the registration under section   1290 of the old Act.

  (3)   However, for the purposes of paragraph   40 - 30(1)(f) of the Insolvency Practice Schedule (Corporations), the person is taken to have lodged a request with ASIC in the approved form to have the person's registration as a liquidator under the Insolvency Practice Schedule (Corporations) cancelled.

  (4)   The amendments of section   1290 made by Schedule   2 to the Insolvency Law Reform Act 2016 apply in relation to requests made to ASIC under section   1290 on or after the commencement day.