Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1564

  (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.