Section 1572 — Corporations Act 2001 (Cth)

Cancellation by ASIC under the Insolvency Practice Schedule (Corporations)

(1) Section 40‑30 of the Insolvency Practice Schedule (Corporations) applies whether or not an event mentioned in subsection 40‑30(1) occurs before, on or after the commencement day.

(2) However, paragraph 40‑30(1)(c) of the Insolvency Practice Schedule (Corporations) does not apply in relation to the cancellation of the registration of a person as a trustee under the Bankruptcy Act 1966, as in force at any time before 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.

Related sections

s 1569 — Sharing information between the Board and committees
s 1570 — Direction to comply with requirement to lodge documents etc.
s 1571 — Suspension by ASIC under the Insolvency Practice Schedule (Corporations)
s 1573 — Show‑cause notice under the Insolvency Practice Schedule (Corporations)
s 1574 — Lifting or shortening suspension under the Insolvency Practice Schedule (Corporations)
s 1575 — Action initiated by industry bodies

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