Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1291

1291. (1) The Commission may, at any time, cancel, or suspend for a specified
period, the registration as an official liquidator of a person who is so
registered.

(2) The Commission may, at any time, require a person registered as an
official liquidator to give an undertaking to refrain from engaging in
specified conduct except on specified conditions.

(3) Where the Commission decides to exercise a power under subsection (1) or
(2), the Commission shall, not later than 14 days after the decision, give to
the person a notice in writing setting out the decision and the reasons for
it, but the validity of the decision is not affected by failure of the
Commission to do so.

(4) A decision of the Commission under subsection (1) to cancel or suspend the
registration of a person as an official liquidator comes into effect at the
end of the day on which there is given to the person a notice of the decision,
being a notice of the kind referred to in subsection (3).