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CORPORATIONS ACT 2001 - SECT 1564

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.



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