Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1571

Suspension by ASIC under the Insolvency Practice Schedule (Corporations)

  (1)   Section   40 - 25 of the Insolvency Practice Schedule (Corporations) applies whether or not an event mentioned in subsection   40 - 25(1) occurs before, on or after the commencement day.

  (2)   However, paragraph   40 - 25(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.


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