Decision to cancel registration made before the commencement day
(1) This section applies if: (a) before the commencement day, a decision is made by ASIC under section 1290A of the old Act to cancel the registration of a person as a liquidator, or as a liquidator of a specified body corporate; and (b) the decision has not come into effect before the commencement day. (2) On the commencement day, ASIC is taken to have made a decision under section 40‑30 of the Insolvency Practice Schedule (Corporations) to cancel the registration of the person as a liquidator. (3) Section 40‑35 of the Insolvency Practice Schedule (Corporations) applies in relation to the decision as if the decision were made on the commencement day.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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