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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 304

Notice to registered liquidators concerning information and books--requirements before the commencement day

  (1)   For the purposes of section   30B and subsection   33(3), the liquidator requirements are taken to include:

  (a)   the requirements in relation to liquidators, the external administration of companies and the control of the property of corporations under Chapter   5 of the old Corporations Act; and

  (b)   other provisions of the old Corporations Act that relate to that Chapter.

  (2)   For the purposes of subparagraph   30B(2)(c)(ii), a reference to an alleged or suspected contravention of a law of the Commonwealth, or of a State or Territory in this jurisdiction includes an alleged or suspected contravention of such a law that:

  (a)   relates to the performance or exercise of a liquidator's functions, duties or powers before the commencement day; and

  (b)   either:

  (i)   concerns the management of the affairs of a body corporate before the commencement day; or

  (ii)   involves fraud or dishonesty before the commencement day and relates to a body corporate.

  (3)   Subsection   33(3) applies, whether or not the liquidator is a registered liquidator under the Insolvency Practice Schedule (Corporations) or was registered as a liquidator under Division   2 of Part   9.2 of the old Corporations Act.


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