Commonwealth Consolidated Acts Commonwealth Consolidated ActsUndertakings under the old Act
(a) an old Act registrant was required to give an undertaking under paragraph 1292(9)(b) or (c) of the old Act; and
(b) that requirement is still in force immediately before the commencement day;
it is a condition of the old Act registrant's registration under the Insolvency Practice Schedule (Corporations) that he or she gives and complies with the undertaking.
(2) A condition imposed under subsection (1) is a current condition imposed on the old Act registrant.
Varying etc. conditions of registration
(3) Subdivision C of Division 20 of the
Insolvency Practice Schedule (Corporations) applies to a condition imposed
under subsection (1) in the same way as it applies to a condition
imposed by a committee under the Insolvency Practice Schedule (Corporations).